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Chapter 1478 Who to buy?

Wang Chuanfu was very fast. Boss Jia gave him three days, but the next day, he was looking for it, but his eyes were red and bloodshot inside his eyes, obviously he hadn't been asleep for a whole day.

In fact, Wang Chuanfu hasn't slept for almost 4 days, and he is all struggling with the problem of building a car.

"Have you thought about it?" asked Boss Jia.

"Yes, Chairman, this is the list I have planned!" Wang Chuanfu handed a list to Boss Jia. Boss Jia took a look and found that there were only the names of five companies on the list.

"Why are these three companies?" Boss Jia asked curiously.

"Because I asked someone to inquire, among the major global car brands, there is currently the possibility of being sold, and also has the ability to build cars independently. There are only three companies with a large number of engineers and related patents."

"Only by buying one of these three companies can we have the ability to build cars in a short period of time!" Wang Chuanfu said tiredly.

"Then you can introduce it one by one and tell me what you think!"

"Yes, Volvo first! This is my most recommended acquisition, and it is also the most suitable company for us!" Wang Chuanfu said excitedly. "Volvo is a company created in Sweden. It is known for its safety worldwide. It is the first company in the world to invent child safety seats. It also has many patented technologies in terms of safety. It is currently the top 20 car brands in the world!"

"Volvo has everything we need, has a lot of patents in terms of safety, has a complete set of car production lines, has a lot of skilled functions and professional engineers. And according to a friend of mine, Volvo actually started the research and development of electric vehicles last year. They have accumulated a certain amount of technology in electric vehicles."

"Finally and most importantly, Volvo Group also has the intention to sell Volvo cars. They are actively contacting major automobile manufacturers around the world to try to sell Volvo cars!"

"As far as I know, the reason why Volvo Group wanted to sell Volvo cars was because the company's major shareholders had an economic crisis and they urgently needed cash to survive the crisis, so they had the idea of ​​selling Volvo cars. So they would not have too many requirements for buyers. They just need to give money and they would sell Volvo!"

"Now, Volkswagen Group, Ford Group, BMW, etc. are already in contact with Volvo. If you are also interested in Volvo, this is the best opportunity!" Wang Chuanfu's eyes shiny, and he looked like he wanted to swallow Volvo immediately.

"Why are Volvo's major shareholders lacking funds?" Boss Jia asked curiously.

"I heard that GG investment has suffered huge losses, so we can only rely on the sale of Volvo to fill the fund loophole!" Wang Chuanfu said.

"Uh..." Boss Jia paused for a moment, not expecting that the culprit was the one who was responsible for this matter.

However, in history, Volvo sold it to Ford Group in 1999, which should not be considered its own butterfly wings!

"Chairman, let's take action. This is the best opportunity!" Wang Chuanfu couldn't help but urge.

"No, this is not the best opportunity!" Boss Jia shook his head and refused very decisively. "I read the Volvo data on your information. His global sales reached 180,000 vehicles, which is Volvo's historical highest level. At the same time, it created a profit of 120 million US dollars. This is a company with very excellent performance!"

"Now Volvo is in its heyday, so the price will inevitably be a premium. Although Volvo's market value is only US$4.2 billion, the real acquisition price is definitely more than that."

"You also talked about Ford, GM, and BMW, now they are trying to acquire Volvo. There are several large companies competing with each other. I don't know how the price will be hyped. Let's go in now, aren't we waiting to be this sucker?" Boss Jia's words were very straightforward, and Wang Chuanfu moved his mouth and had nothing to say, because what Boss Jia said was the truth.

Volvo is good, but it is too expensive to buy now.

Historically, Ford Group finally bought the Volvo Car business under Volvo Group in 1999 for a price of US$6.45 billion, making Volvo Cars a wholly-owned subsidiary of Ford Group.

This price is $2.8 billion higher than the total market value of Volvo Cars at that time, which is nearly double the premium.

But what's the result?

In 2010, Geely Auto from China bought the entire Volvo car from Ford for only $1.8 billion.

This means that during the ten years of acquisition, Volvo itself has suffered a serious loss. If Boss Jia buys Volvo at this time, he will be the number one fool in the world.

Even if you really want to buy it, wouldn’t it be nice to buy it after 2010?

"What the chairman said is, then I will recommend Citroen Automobile the second one!" Wang Chuanfu actually knew that it was impossible for a large number to buy Volvo. After all, it was too expensive, so he took out his second goal, which was also the most feasible goal!

"Citroon...will they be willing to sell it?" Boss Jia nodded. Citroen was not bad. It claimed to be the car Apple and dared to try various new technologies. Of course, it finally successfully self-destructed because of the new technologies, and was later acquired by the Logo Group.

Citroen does not give much compared to Volvo in terms of technology and production capacity, but the price is very cheap. The current total market value is only more than 2 billion US dollars, half of the cheaper than Volvo.

However, Boss Jia never heard of Citroen being sold in his previous life. At most, in 2018, Dongfeng Motor and Citroen held shares with each other, and in the end, Dongfeng Motor owned 30% of Citroen's shares.

But this is because Dongfeng and Citroen established a joint venture factory very early, and the relationship between the two parties is deeply bound, which is the possibility of mutual holdings. It seems difficult to buy Citroen from Peugeot Group now.

"The possibility is still very high!" Wang Chuanfu said, "Although Citroen was acquired by the logo, Citroen was forced to sell itself back then. However, the target of selling cars was Michelin, the company that sold tires."

"But later they realized that Michelin was actually just a cover, and what they really wanted to acquire was the logo car. Not long after Michelin bought Citroen, they directly sold it to the logo car, which made Citroen very angry, and the two sides first formed a conflict!"

"But Michelin also left a pit for the logo, that is, in order to acquire Citroen as soon as possible, during negotiations, Michelin promised to give Citroen a lot of autonomy. This resulted in the logo basically being unable to control Citroen after taking Citroen, and was just a nominal owner."

"Later, although the company was once renamed the logo - Citroen United Automobile Group, Citroen is increasingly looking down on the logo and wants to part ways with the logo, but it has always been difficult to share the equity in other people's hands."

"The logo is now very troubled with Citroen, because Citroen does not bring great benefits to them, but instead has many conflicts. Now the two companies are in a disagreement, and they are eager to sell Citroen in exchange for a sum of cash!"

"So there is a prerequisite for acquiring Citroen. As long as we express our intentions and then talk, I think the possibility of Citroen is still very high!" Wang Chuanfu said.

"Okay, then Citroen will be the priority acquisition target!" Boss Jia nodded, thinking that Citroen is indeed good, but there is another company on the list. It was the first time that Boss Jia saw the brand name of this company.

Before this, Boss Jia had never seen the name of this car brand.
Chapter completed!
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