Chapter 178： car factory

Detroit, located in latitude and longitude 42°19'N, 83°2'W, was established in 1815, with an area of ​​about 370.2Km2, of which the land area is 359.4Km2 and the water area is 11Km2. The highest point is located in the northwest of the city, with an elevation of about 204 meters. It is the largest city in Michigan, USA. Founded by a French fur merchant in 1701, it is located in the northeastern United States, north of Windsor, Canada, and an important port city along the Detroit River, the world's traditional automobile center and music capital. It is the 15th most populous county in the United States. The city takes its name from the Detroit River, which connects Lake St. Clair and Lake Erie, and is derived from the French "Rivière du Détroit", which means "River of the Channel".

On December 3, 2013, U.S. Federal Bankruptcy Judge Rhodes ruled that the City of Detroit complies with the relevant provisions of Chapter 9 of the Federal Bankruptcy Code and is eligible to apply for bankruptcy protection. The once glorious Motor City has officially declared bankruptcy, and it has become the largest bankrupt city government in American history. About 16 months after the "Motor City" City of Detroit filed for bankruptcy (July 2013), a U.S. federal judge issued a permit ruling on its bankruptcy exit plan on November 7, 2014. The ruling brought the largest city government bankruptcy case in U.S. history to an end.

Detroit's revival has been concentrated in the downtown area, and its development has been uneven. It remains one of the poorest large cities in the United States. About 38% of residents live in poverty, and the median income is still higher than the state average. big gap. There is also a lot of room for improvement in social security. After all, it is difficult to change talent's perception of the city in the short term by relying on a rapid recovery driven by investment.

John Chambers has been in this Motor City for nearly a month since he set a good direction with his boss. During this time, not only the Black Cloud North America Automobile Company was formed, but also intense negotiations were launched with Chrysler Automobile Company.

Both sides want more, and the Black Cloud Group wants to spend as little as possible. And Chrysler saw that Heiyun Group entered the automotive field with such a big fanfare, and Bao Zixuan's character and financial resources must be the most hopeful.

So if you don't take advantage of now to slaughter Heiyun, how long will you wait? This is why Bao Zixuan did not dare to participate in the negotiation. With his personality, he felt that the price was right and he would definitely win it. Often disrupts the negotiating team's plan and rhythm, and also spends a lot of money.

Chrysler finally couldn't hold on after checking every clause in detail several times. According to the memory of the previous life, they are preparing to file for bankruptcy protection next year, which shows how bad the business situation of the company is. Although the price offered by Heiyun Group is not very high, it is also the most intentional and sincere buyer at present.

RB car companies have already built factories in the United States, and they no longer need to buy factories. American domestic car companies are having a hard time now, and they want to sell their factories. How can they take over Chrysler now? It's too late to hide.

After John Chambers learned about Chrysler's debt problems, he immediately contacted the bank that Chrysler had cooperated with. After paying some benefits, all the banks chose to put pressure on Chrysler. Chrysler, who was forced to do nothing, could only contact Heiyun as soon as possible to try to solve the problem as soon as possible, otherwise the workers and the bank might force them to death.

Bao Zixuan also came to Detroit, the Motor City, after receiving a call from John Chambers. Now Detroit has declined a bit, but it can still hold up. But who would have thought that this once glorious city would one day apply for bankruptcy trusteeship.

However, none of this has anything to do with Bao Zixuan. Bankruptcy will take 30 years. At that time, it was estimated that the automobile production and manufacturing center had been transferred to Huaxia, and Detroit's life or death had nothing to do with itself. Even if there are factories, the scale will be controlled very small. He does not want to build too many factories in the United States.

Introduced by John Chambers, Bao Zixuan met Chrysler Chairman Midle Chrysler. This rich 3rd generation has long since lost his former glory, and now he has been devastated by Chrysler's declining performance. Moreover, his technical strength and business ability are much worse than his grandfather. Now that he thinks that the Black Cloud Group will actually buy Chrysler's branches and factories, he just wants to complete the transaction as soon as possible, so that the company can get cash, and then keep the parent company. As for Dodge and Jeep, they are not Chrysler's own sons. They were later acquired for the purpose of development and acquisition, and Chrysler did not value them so much.

Since the parent company can get cash to solve its problems, sacrificing these two branches is also a good choice. Just strip out military car models and production lines.

Mader-Chrysler said to Bao Zixuan, "Welcome Mr. Bao to Chrysler, you are younger than I imagined."

Bao Zixuan: "Thank you, Mr. Chrysler. Chrysler is a great company. It's my honor to be here."

After the two sides said a few more compliments, they began to get to the point. All issues have been resolved in the pre-negotiations. And the contract has been drafted. Bao Zixuan came here just to sign the contract, and at the same time to appease the auto workers of the two brands.

This time, because John Chambers is responsible for everything, the price has indeed saved a lot of money. The main content of the contract is the acquisition of Jeep and Dodge Motors by Black Cloud Group, as well as the acquisition of two Chrysler factories in Detroit.

Jeep and Dodge spun off the military department and just sold the brand and civilian department to Bao Zixuan. In fact, it is useless to sell the military vehicle department to Heiyun. It is impossible for Americans to hand over an industry that involves national security to a non-US company.

In addition, the operating rate of the Chrysler plant is very low, leaving many workers with nothing to do. Now that the Black Cloud Group has taken over all of them, this is a very good result.

The U.S. Department of Commerce will soon approve the acquisition, if the Black Cloud Group does not acquire it. So waiting for the fate of Chrysler is only to go bankrupt or the government to find out. This is not the result the US Department of Commerce wants to see, and after they veto the acquisition, if Chrysler really goes wrong, the Commerce Department will take the blame.

The purchase price of this time is more than 800 million US dollars, which is the biggest sum of money that Bao Zixuan has spent so far. If there is no oil futures income really can not come up with this money. But now all is not a problem. After all, oil futures will generate more than $5 billion in revenue in the future, and he can buy, buy, and buy as he likes.

The moment Shuangfa signed the contract, UUkanshu Black Cloud needed to pay Chrysler US$820 million within the next 3 months, and the down payment of US$200 million would be credited immediately after the contract was signed.

Bao Zixuan knows that Dodge and Jeep are now under the Heiyun Group, and there are nearly 16,000 workers in two factories. In fact, he also does not want to recruit too many workers in the United States. The Germans in the previous life were overwhelmed by the pensions and high benefits of Chrysler's American workers, making Chrysler a huge loss of more than 20 billion US dollars.

In order not to follow the mistakes of the Germans, Heiyun will definitely try to use automated equipment to reduce the number of workers in the future. However, the top priority now is to appease these uncles of workers, which is more annoying than the US Department of Commerce.

After the contract was signed, the Black Cloud Group remitted the first $200 million to Chrysler. Fortunately, there are not too many expenses now, and the cash flow is very abundant every month. It is so happy to see the black cloud. Middel-Chrysler felt that the price was going to be lower, no matter what was done now, it could only be done according to the contract.

Bao Zixuan is looking at the information of the two companies and the condition of the factory. Now, the hybrid car finally has a production workshop. But the premise is that Bao Zixuan wants to solve these workers.

Black Cloud Group is a non-listed company and does not need to announce its own operations to the public. But Chrysler is truly a listed company, and every major transaction they make must be announced to shareholders.

When people all over the world knew that Heiyun Group entered the automotive field with such a big fanfare, they were once shocked by Bao Zixuan's boldness. How much money does this kid have just bought Hutchison Whampoa, and then bought the car company.

Many people are afraid that Bao Zixuan will bring down the company because of diversification, but the auto industry knows it. Here comes the wolf, who is not bad for money.

​​