Chapter 1157 Layout and Conspiracy
Xu Liang picked up his cell phone and called Peng Zhiyu.
The call was answered quickly.
"Mr. Xu?"
"Lao Peng, I just read JAC's information again. It says that JAC has a medium and large car called 'Bin Yue', which will be launched soon?"
"Yes. ...JAC has great ambitions in the passenger car market. In addition to the medium and large 'Bin Yue', it also has the entry-level 'He Yue', the small car 'Tong Yue', and the mini car 'Yue Yue'."< br>
"Haha, the ambition is indeed not small. Counting Ruiying and Ruifeng, almost all passenger models are available. But it is not a good thing to be greedy for everything." Xu Liang said slowly.
"What do you mean...?"
"Has Binyue arranged production now?"
"When I was doing research at JAC, I heard that they had already arranged for the first batch of 500 vehicles. Half of them are currently completed. They will be distributed to car dealers in September and will be officially put on sale in November."
Xu Liang pondered for a while, "From the data, although this car has a good chassis and good handling, its fuel consumption is too high, so it may be difficult to have any market.
After it is launched, if everything I say is true, you should immediately ask the marketing department to conduct research, integrate the opinions of users, and solve the problems of Binyue, especially the problem of excessive fuel consumption. ”
"Understood."
"Also, although Ruifeng and Ruiying are very successful, success only means that we have a good start and have a certain foundation in the field of passenger cars, SUVs and commercial vehicles. It does not mean that we can always enjoy Success.
Therefore, after the acquisition of JAC is completed, you immediately ask the design department to improve the defects of 'Ruifeng' and 'Ruiying' and develop new models.
As for Heyue, Tongyue and Yueyue, when will Binyue be able to sell 10,000 units a year, then we will consider research and development.
Lao Peng, my request is very simple.
Step by step, we laid a solid foundation.
Either don’t do it, or do it well. ”
"Mr. Xu, don't worry. I will personally take charge of the research and development of new models."
"Lao Peng, I recognize your ability. Although Torch has had many problems in the past few years, I have seen the progress of the company in its main business, especially the truck business.
Now Torch is getting rid of its relatively small business of garden machinery and power tools, and its auto parts business has been sold.
From now on, I will devote myself wholeheartedly to the big automobile industry.
What you can achieve in the end is up to you. ”
"Mr. Xu, don't worry. I, Peng Shengyu, will definitely live up to your trust."
"I'm waiting to see your results."
After a few more explanations, Xu Liang hung up the phone.
JAC is a factory with great foundation, especially in the automotive chassis field. It has a solid foundation and strong technical capabilities.
This is also the reason why they can quickly open up the market in the field of commercial vehicles and SUVs.
After eating Jianghuai, I have the blessing of its heritage.
It will not be that difficult for Torch to enter the passenger car market.
Considering the gains and losses of the transaction, Xu Liang slowly shook his head.
Jianghuai has a good foundation. Three years after Torch was rectified by Peng Zhiyu, although there are still some corruption problems, the overall direction is still good.
The combination of both parties can be regarded as complementary advantages.
In the Torch truck business, heavy trucks have the advantage, but medium and heavy trucks are also good, but light and micro trucks have basically no presence.
But this happens to be JAC's strength.
In addition, JAC's acquisition also filled the gap in Torch's bus business.
JAC Bus's total sales in the first half of the year were nearly 4,000, and Yutong, which ranked first, only had less than 300 more sales than him.
The difference is small.
Torch's accumulated experience in the field of trucks, as well as sales channels, key components, etc., can also help JAC develop in the field of trucks, especially heavy trucks.
Jianger heavy-duty truck is also a good product, especially in terms of fuel economy.
Finally, there are passenger cars.
The torch is blank.
Jianghuai has laid a certain foundation.
After the combination of the two parties, the new Torch Auto Group will have three major business segments.
Construction machinery mainly produced by ‘XCMG’; trucks mainly produced by ‘Torch’; and passenger cars mainly produced by ‘JAC’.
Compared with the previous Torch Group, Torch's business segments are now more concentrated, basically concentrated in the automobile category.
Although there are many types, some key components can be interoperable.
This can effectively reduce procurement costs in all aspects, reduce expenses, and increase revenue and profits.
Dong Dong...
There was a knock on the door.
"Come in."
Sun Mingzhen opened the door and walked in.
Her fluffy hair hangs freely on the back of her head, and a light pink scarf is tied around her slender pink neck.
The upper body is wearing a milky white long-sleeved shirt with black edges. Under the support of her plump figure, the shape of the underwear underneath can be faintly seen.
The shirt was tied into a black one-step skirt along her slender waist. The tight lines made her buttocks look extremely full.
Light black stockings wrapped her straight and slender legs, and she wore a pair of women's sandals on her feet.
With this outfit, it's obvious that he just got home and hasn't had time to change his clothes.
"Just came back?"
Xu Liang waved.
Sun Mingzhen came over and sat in his arms accompanied by a faint fragrance.
"Why didn't you go down for dinner?"
"Is it already night?"
Xu Liang subconsciously looked out the window, the sky was still bright.
"It's past seven o'clock."
Xu Liang suddenly understood that it was summer, the time of day with the most days in the year.
It doesn't really get dark until after eight o'clock.
"I was thinking about work just now and didn't pay attention for a moment?"
Sun Mingzhen's heart moved and she asked with a smile: "What job makes you forget to eat?"
After glancing at her, Xu Liang's broad palm took out the hem of the beauty's shirt and stretched it inside.
The sensitive point was attacked, as if a burst of electricity spread through the whole body. Sun Mingzhen's body trembled, and she glanced at the man next to her with slight annoyance.
"I hate it, I'm telling you something serious."
"Hey, this is business. ... Mingzhen, I have something to tell you. I will leave it to your family trust and I plan to change my name."
"Change the name, why?"
"The Xu family trust No. 3 was nothing in the past, but as the Xu family grows in South Korea, especially when Hynix will be listed in the future, the skyrocketing wealth can easily lead to some bad associations.
So I plan to change my name and try to be as low-key as possible.
At least don't attract too much attention from ordinary people.
After all, as you said, South Koreans are not big-minded. ”
Sun Mingzhen glanced at him. Based on her understanding of him, things would not be that simple.
But it was just a name, and she didn't want to get into it.
"What name do you want to change it to?"
"The Ocean Trust."
"The name is not bad, so be it."
Hearing this, Xu Liang was relieved.
The reason why he wanted to change his name was a decision he had carefully considered for a long time.
Most of the women around me are smart people.
One look at his family trust number and he will know how carefree the stinky man around him is.
In order to prevent them from becoming jealous and causing irrational things, it is better to stimulate as little as possible.
Of course, the main reason for changing the name is to hide wealth.
Family trusts also need to be registered and notarized, and it is impossible to hide information.
When people see the name of the trust, they will easily think of the trust holder.
As long as you put some thought and money into it, it is not difficult to dig out the corporate matrix under his name.
Changing the name to make it less conspicuous may not necessarily have a fundamental effect, but it can at least reduce some attention.
These two aspects were enough for him to take action. "By the way, why are you back so late?" Xu Liang asked instead.
"It's not Park Hye Jin. After she failed to compete with Lee Bo for the presidential position last month, she has been in a bad mood. When she has nothing to do, she takes me to chat and go shopping with her.
Just now she invited me to have dinner at 'Mingles Restaurant', and I finally sent her away. ”
Mingles Restaurant is a two-Michelin-star Western restaurant in Gangnam District, Seoul. The price ranges from 75,000 to 150,000 won. Is it delicious? Anyway, he has been there a few times and feels that it is not as delicious as a higher-end Shandong cuisine restaurant.
"So, you and Park Hye Jin have a good relationship?"
"Of course, just eating and drinking, I spent more than 20 million won on her in one month.
Let’s talk about luxury goods. ”
Examining the man, "Now that she has failed in selecting the president, do you think she is still worth winning over?"
"Don't underestimate her. This woman has the foundation laid by her father in the political arena and will not fall down so easily."
Xu Liang knows this woman's fate better than anyone else.
Check out the 16-9 book bar to see the correct version!
Of course, you must tell Sun Mingzhen to build a good relationship in advance.
After nodding, Sun Mingzhen said: "Li Bo has succeeded in taking over, and your investment has been very successful. With this lesson learned, of course I will take care of Park Hye Jin."
There was admiration in his bright eyes.
The man next to me had deliberately made friends with Li Bo, who was still the mayor of Seoul at that time, a few years ago.
Xu Liang never gives money to people with connections in the political arena.
Directly gave Li Bo an investment share of Qinglong Fund worth tens of millions of Korean won.
Over the past few years, these investments have brought tens of millions of dollars in income to the former.
The key point is that these money are investment income and legal income.
Li Bo doesn't need to worry about picking it up.
With this relationship, Xu's companies, including Hynix's development in South Korea, have never encountered any difficulties from the political arena.
"If the Xu family wants to continue to develop in South Korea, it is indispensable to have the protection of these political figures. There is no harm in wooing a few more, and they will spend the money reluctantly."
"Don't worry."
Xu Liang stood up and said, "Let's go and have dinner with me."
——
The time has quickly come to the beginning of August.
Bear Stearns, the fifth largest investment bank on Wall Street, officially announced that two of its funds that invested in subprime mortgage securitization products collapsed, with investors losing a total of more than $1.5 billion.
This news was like the first domino to fall, quickly causing a chain reaction in the financial market. Other financial institutions no longer hid it and opened their fig leaves one after another.
Deutsche Bank announced a profit warning, estimating that the company suffered a loss of 8.2 billion euros;
American Home Mortgage Investment Corporation, the tenth largest mortgage lender in the United States, officially filed for bankruptcy protection with the court, becoming the next large mortgage lender in the United States to file for bankruptcy after New Century Financial Corporation;
BNP Paribas, France's largest bank, announced the freezing of three of its funds on the grounds that it suffered huge losses from investing in U.S. subprime mortgage bonds;
Macquarie Bank, Australia's largest investment bank and the seventh largest investment bank in the world, stated that investors in two of its high-yield funds faced losses of 25%;
Mizuho Group, the parent company of Mizuho Bank, the second largest bank in Japan, announced a loss of 600 million yen related to U.S. subprime mortgages;
Seven South Korean banks, led by Woori Bank, invested a total of US$682.5 million in secured debt obligations (CDOs) and suffered a loss of US$560 million, with a loss rate of 82.4%.
……
The infinitely powerful financial bomb of subprime mortgages (debts) finally detonated, and the shock wave swept from the United States, the center of the explosion, to Europe, Asia... and even the world.
Wall Street is in turmoil. U.S. stocks, the Dow, the S&P, and the Nasdaq have fallen sharply, and the global financial market has been in shock.
At the same time, Xu Liang, who had just flown to Xiangjiang yesterday, still looked like he was peacefully passing through time.
Qiao Yu will bring the brewed tea to the man.
She put her fair and straight legs together and sat down next to him.
"Everything is blowing up on Wall Street, why don't you go take a look?"
After picking up the teacup and taking a sip, Xu Liang put it down with a smile.
"It's still early. What's out now are just appetizers, and the main meal is still waiting."
Qiao Yu smiled. She was a finance major in college.
Of course we know the current problems in the United States.
In the eyes of ordinary people, and most non-financial veterans.
Although the GDP of the United States this year has not been released, it was 13.8 trillion US dollars last year, and the balance of residential mortgage loans was 9.8 trillion US dollars, of which subprime loans accounted for 20%, and the approximate figure is close to 2 trillion US dollars.
Even if there is a total loss of two trillion US dollars, the United States can afford it given its financial resources.
In other words, the crisis will be concentrated in the financial field and will not cause a systemic crisis.
But she was different. From her man's mouth, she found out the true size of U.S. CDS bonds.
62 trillion US dollars!
The default rate does not need to be too high. It only needs 10% to form a hole worth trillions of dollars, equivalent to half of the U.S. GDP.
But look at the current state of the real estate industry in the United States.
It is certainly not possible to have only 10% defaults.
What's more important is that as house prices fall, the remaining value of the house becomes negative, and the mortgage repayments that need to be repaid exceed the market value of the house.
In this case, some people began to give up their houses, no longer repay the loans, and allowed the houses to be taken away by the lending institutions.
Mortgage loans in the United States are non-recourse, so banks have to bear the losses on these bad loans.
Unfortunately, housing loans have actually been packaged as CDOs by major banks and lending institutions and sold to global investors.
In fact, the bank does not have to bear any losses, but may make some profit from the asset price difference.
However, Bank of America is not so honest.
How could these greedy guys endure it when they see how much money CDOs make.
Therefore, many banks include a large number of CDOs in their asset lists.
Moreover, the U.S. financial market is open, and global investment institutions can invest in U.S. subprime mortgages.
So the crisis spread from the United States to the world.
Now, at least half of the banks in the world, especially in Europe and the United States, are sitting on the crater.
The bottomless hole under their buttocks, which was originally thought to be an 'extinct volcano', is slowly recovering!
"With such a big financial risk, will your investment be at risk?" Qiao Yu couldn't help but ask.
"Originally there were still risks, but as the financial risk exposure caused by subprime mortgages became larger and larger, my investment risk became smaller and smaller."
Xu Liang chuckled, "Unless the White House intervenes in housing prices now and props up the housing market, it will not lose money, it will only make money, and the profits will snowball and become bigger and bigger.
But the White House certainly won't intervene now.
Those officials only know old money, and they won't move unless a gun is put to their head.
And even if they wanted to move, they wouldn't dare.
There are already piles of explosives under your butt. If you intervene now, it will just ignite it in advance, and it will still explode. ”
Glancing at the confident man, Qiao Yuhui said playfully.
"How much money can you make this time?"
"I don't know, but it must be a lot."
"I knew you would say that."
"Haha, no matter how much money I make, I won't spend it on you. Moreover, this time I gave you 10 billion US dollars in CDs bonds.
Coupled with the money earned from the stock market and the debt issued, when the crisis subsides, at least the money for the acquisition of SABMiller can be earned. "Xu Liangdao.
"That's nice to say. I will buy back the Kanghua stocks and bonds that I have sold now.
If the price is low, that's fine. If it only drops by 20 to 30%, I'm afraid it won't even be enough to buy half of SABMiller. ”
"Don't be so pessimistic. Besides, Miller's current price is very high. When the subprime debt crisis breaks out, I'm afraid it will be different. ...By the way, have you communicated with SABMiller?"
"Not yet. Don't you think the crisis will not break out until next year? It's too early to talk now."
Xu Liang nodded and agreed in his heart.
Although negotiations for very large mergers and acquisitions are time-consuming, more than a year is too long.
"Where's Yingbo?"
"We have already started talking with Budweiser, and we have also eliminated a merger and acquisition team."
"InBev has not contacted us yet."
"No."
"It seems we haven't touched their sore spot yet."
"Now that we have decided to acquire Miller, is it still necessary to compete with InBev for Budweiser?" Qiao Yuhui asked.
"Of course. I have been in contact with those from 3G Capital behind InBev. They are ambitious and want to integrate the global beer industry. Budweiser is their goal, but it is not the only goal.
If we don't cause them any more trouble now, if we acquire Miller in the future, these guys will definitely join in.
So, don't think about being soft-hearted, they are enemies from now on. ”
Xu Liang said firmly.
In his memory, after InBev acquired Budweiser, it quickly targeted Miller.
This is what Xu Liang doesn't want to see.
(End of chapter)