"Horton Motors? Australia owns more than 20% of the market? This figure sounds good, but how many cars are sold in Australia every year? It should not even reach 1 million cars this year. "
Even if Feng Yu is interested in this brand, he will not show it directly. Also, the Australian market is shrinking, and Tongtong Motors should also know about this. If not, they will not sell their cars so easily.
Also, Feng Yu remembered in his previous life, Horton Motors had stopped production. The Australian market is finished, and Ford, Toyota, etc. factories in Australia were all closed. Their production costs had increased, and their sales were declining.
Simply put, the Australian market is almost saturated, and if they can't open up a new market, they will be finished. Tongtong Motors does not have a new market? Yes, but it will not target Horton Motors. It will target Chevrolet, Buick, and other US brands. Horton Motors' reputation is too low.
But Feng Yu is interested in Horton Motors' R&D center. Their engine, transmission, chassis, etc. are the best in the world and can complement Bing City Machinery's technologies.
Horton Motors' R&D center does not have any debts, and Tongtong Motors had already laid off their employees. At most, they can reduce the production of their factories and turn it into a R&D center and sales center.
Marco heard what Feng Yu said and did not look embarrassed. He argued. "But Horton Motors' cars are not only sold in Australia. They are also exported to New Zealand, the UK, Korea, the US, and the Middle East. Their brand is very valuable. Also, their R&D center is very powerful and contains many key technologies that we use. "
"Really? You guarantee that you all do not have those technologies, and other brands do not have them? Horton Motors does not have many patents, right? "
Horton Motors' R&D center is successful, and the patents belong to Tongtong Motors. The patents that Horton Motors owns are not that important.
"Mr Feng, Horton Motors is worth buying. It only costs 5 billion USD."
Feng Yu paused the game and pressed a few buttons to open an electronic document.
"Tsk, tsk, tsk. Seven years ago, Horton Motors' annual profits are 6 billion AUD. Last year, Horton Motors' profits are less than 1 billion AUD. How much will they make this year? Would he lose nothing, or would he lose money? The reason why you were able to maintain a profit of nearly 1 billion AUD last year was because you made layoffs. To be honest, those managers were really qualified. "
Feng Yu shook his head and sighed. His sarcastic words caused Ma Ke's expression to change again and again.
How did Feng Yu know so much about Huo Dun? Was it because Feng Yu had originally planned to acquire Horton's business and had done a detailed investigation?
So, did Feng Yu only investigate Horton, or did he investigate all the businesses of the same car? Was Feng Yu fully aware of the details of the same car?
"Mr Feng, Horton Group's profits are declining because Horton Group used to own more than 40% of Tong Daeyu's shares. Didn't Tong Daeyu sell it to Tata Motors? Therefore, when the business is reduced, the profits will naturally decline. In addition, global car sales are declining … "
"Wait a minute. Our Hua Xia and India's automobile sales did not drop, and our Bing City Machinery's sales had increased by more than 15% last year. It might be more this year."
You all might be declining, but that doesn't mean everything is declining.
Ma Ke was interrupted by Feng Yu again, but he does not know how to retort. What Feng Yu said was the truth.
"Mr Feng, Horton Group's R&D center, parts manufacturing center, assembly center, sales channels, etc. are all high quality assets."
"Really? How come I heard that Horton Group suddenly has a lot of debts? I don't know about the internal operations of your subsidiaries, but these debts should not belong to Horton Group, right? "Feng Yu asked with a smile.
Luckily, Feng Yu had asked his men to gather information. If not, they might have miscalculated the value of these debts, and they will be in a passive position during negotiations. If Horton Group can still maintain 1 billion AUD a year, then 5 billion USD is not expensive. But if they have a few billion USD of debts, Feng Yu will not even consider 500 million USD.
"Debts? Did Mr Feng make a mistake? We still had 1 billion AUD profits last year. How can there be debts? "Ma Ke's smile stiffened. How did Feng Yu know about this? Someone in Horton Group's higher management must have been bribed by Feng Yu!
"Then can you disclose our financial status? We are talking about the sale of our assets, and we need to know more about it before making a decision. "Disclosing the company's financial status is a common requirement for acquisitions.
Ma Ke does not dare to agree. Before they came to Feng Yu, they had dumped a lot of debts to those subsidiaries that they wanted to sell to Feng Yu.
"Alright. Horton Group should be the same as before. I will not bear a single cent of those debts. This is the only way we can have a proper discussion."
"Also, I have investigated the Australian market and Horton Company very clearly. I even know how your cars are as a whole. You don't have to lie to me about this."
"Finally, I'm a little interested in Horton cars, and some of the technologies that you guys use. I remember you all have a lot of joint ventures in Hua Xia, including the R&D center. This should be one of them, right? "
Ma Ke really didn't know how to quibble this time. It turned out that his background had long been exposed in front of the other party. The funny thing was that he had always wanted to hide it.
If they sell off those joint ventures in Hua Xia, they will not have any valuable assets in Hua Xia. The only remaining assets are some sales channels. But other than the joint ventures, there are not many imported cars in Hua Xia.
Ma Ke calculated in his heart. Even if all these assets are sold, if they cannot get rid of some debts, they can only sell for 8 billion USD at most. No one will be willing to buy any higher.
If it is two years ago, Ma Ke will ask for at least 15 billion USD. At that time, they are the leaders in the industry and do not lack money. They are still fighting for territories.
Feng Yu thought for a while. "Oh, I see that your vehicles are also short of money. I will help you all. You all can transfer some of your patented technologies to me or give me a permanent license. I can also give you all a transfer fee. All these and the assets I mentioned earlier will be a round figure of 10 billion USD. Think carefully and give me your reply tomorrow. If it is the day after tomorrow, I might not want to buy them. "
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