Chapter 282: Find the one who picks up the rags

Although no contract has been officially signed with Honda, both Fernandez and Honda Motor Co., Ltd. know that this cooperation is already a certainty, in order to celebrate, but also to reward the employees for their hard work during this time, Chen Geng rewarded his employees in an extremely simple and crude way: bonuses!

All of the employees who were directly and indirectly involved in the negotiations with Toei Honda Motor Co., Ltd. and Huaxia Modu Automobile Factory during this period received a large bonus – basically, the amount of which is roughly equivalent to their salary for one month to three months.

Employees in the United States do not talk about feelings with the boss, only talk about money, a boss who can pay his salary on time, and pay bonuses from time to time is a good boss, although Chen Geng is not in the United States at the moment, but still can't stand the thunderous employees excitedly shouting long live the boss.

It's just that compared with the happy Fernandez company, Chen Geng's counterpart: AMC Company in the United States is a little sad.

Yes, AMC, the American Motor Company, the last of the four major American automakers, is also the boss of JEEP.

Don't look at AMC is still one of the four major automobile giants in the United States, but their life is even more sad than the Chrysler Company half a year ago, how sad it is, one sentence can make it clear: except for the brand JEEP is still making money, all the cars under AMC are losing money.

That's pretty damn.

But that's not the worst thing, the most terrible thing is that AMC relies on the foundation of its survival: the small car market is increasingly impacted by Japanese car brands led by Toyota and Honda, so that as of last month, AMC's market share in the United States has been less than 3% - under the impact of Toyota Corolla and Honda civic, two Japanese small cars, AMC's market share has reached a new low.

What's worse, given that AMC has been losing money since 1974, even the banks have lost confidence in AMC, just a week ago, AMC's main partner bank, Wells Fargo, told AMC that they had decided to reject AMC's application for a line of credit in view of AMC's poor sales situation.

This is a total line of credit of $90 million......

To add insult to injury!

The loan, which AMC had planned to use to develop new products (although even AMC's own shareholders were skeptical), fell in response to the announcement...... The decline is not large, only 3%, but such a small decline is by no means that the market and shareholders are still full of confidence in AMC, but AMC's stock has been falling in the past few years, and now, AMC's stock price has really fallen without falling.

"Gentlemen," said Tim Sloan, the general manager of AMC, with a tired and haggard look on his face, and told the executives a terrible news: "After Wells Fargo, Mellon Bank said that it will suspend its loan support to AMC, and even if we do not develop new products, we must raise $12 million in the next month to keep the company running, otherwise the workers who do not get paid will most likely go on strike under the organization of the union......"

Hearing the word "strike", the executives in the conference room all subconsciously shuddered: the union, that's a group of vampires, it's easy to strike, but if you want the union to agree to go back to work, it will be troublesome.

"That means we've got to raise $12 million over the next 30 days, right?" said Staff, the chairman, and his eyes did look at Berkshire, the company's chief financial officer.

"Actually, it's $12.8 million. Berkshire, the chief financial officer, pursed his lips in response.

There was a deathly silence in the huge conference room.

Whether it is $12 million or $12.8 million, it is not something that the current AMC company can take out - according to the bank's attitude towards AMC and AMC's sales performance, it may not be difficult to borrow money from the bank.

But this money is waiting to be used, what should I do?

"One more thing," Tim Sloan spoke again in silence: "The Ministry of Defense has officially put forward the development requirements for the military to be equipped with a new type of general-purpose 4*4 high-mobility multi-purpose wheeled tactical vehicle. ”

Tim Sloan's words reminded everyone: Yes, this army redress plan is a lifesaver for AMC.

Although the Ministry of Defense has only officially issued a document, like all countries, the Ministry of Defense will also have an internal discussion process before the official issuance, and as long as the internal discussion is carried out at the beginning, the relevant stakeholders who should know the news will know the news as soon as possible, after the acquisition of JEE configuration, AMC, as a supplier of M151 light motor vehicles in service in the U.S. military, naturally knew the news from the beginning.

According to the Ministry of National Defense's vision, this new high-mobility multi-purpose wheeled tactical vehicle will replace the original M151, M274, M880, M561 and other models of vehicles, by merging multiple models of vehicles into a single model to reduce the overall procurement cost, and reduce the complexity of peacetime and battlefield logistics support and maintenance.

For example, in terms of specific tactical and technical requirements, the Department of Defense requires that this new type of high-mobility multi-purpose wheeled tactical vehicle can be used as a command and control vehicle and a special-purpose bunker transport vehicle, and must also be able to serve as a common platform for a variety of special weapons on the modern battlefield, and most importantly, this vehicle must also be able to support and embody the army's existing logistics and maintenance system.

Other requirements, such as the need for a high-performance diesel engine, automatic transmission and all-wheel drive system, and the ability to transport and parachute from a variety of aircraft, have long been on the desks of AMC executives.

For AMC, which is now in the midst of a sales crisis, not to mention that JEEP has always been the choice of American soldiers, let's just say that for the current AMC, the total amount of future purchases is expected to exceed 1.2 billion US dollars, which will become a lifeline for AMC to get out of the quagmire.

AMC must hold this order in its hands, and there is absolutely no room for loss!

But here's the problem, if AMC wants to win this order, it has to find a way to get 12 million in a month...... No, it's $12.8 million, but now AMC, where to get $12.8 million?

"Does it have to be $12.8 million?" Staff, the chairman, turned to Berkshire and asked, "Is it possible......?" Less?"

"If it's less...... Berkshire frowned and pondered for a long time, and finally said, "At least not less than $8 million." ”

$8 million is the limit.

"$8 million......"

Stave's eyes were full of confusion: now that the bank is unwilling to lend money to AMC, and the sales of AMC's cars in the market are bleak, the difficulty of getting $8 million or $12.8 million is actually about the same, and it is difficult to get into the sky.

"Or can we bring in a shareholder?" suggested one person.

As soon as this suggestion was put forward, it was immediately ridiculed: "Bringing in new shareholders? Who would be so stupid as to take a stake in AMC at this time?"

Yes, AMC is a listed company, and all business conditions must be disclosed to the public, and even if it is not disclosed, the situation of AMC in recent years is obvious to all.

It's funny!

In the past few years, AMC has not tried to introduce new shareholders to solve the company's problems, but the problems that AMC is facing now are not at all solved by introducing a few shareholders, from management to trade unions, from trade unions to workers, AMC is full of trouble, who will take a stake in AMC?

The person who proposed the introduction of new shareholders also knew this truth, but his face was a little unbearable, and he couldn't help but continue: "Then use JEEP as collateral to the bank, and you can always lend money, right?"

"Do you have a bad memory or have you forgotten that the equity of JEEP is still pledged in the bank. ”

“......”

This can be regarded as a sad thing for all the AMC executives attending the meeting: the only JEEP brand in AMC's hands that is considered a good asset has long been pledged by AMC to the bank.

"I really can't ......"

Tim Sloan, the general manager, who had not spoken much, spoke, and he said quietly: "It's better to find a suitable factory to sell, for example, I think the Kenosha factory, which has been making trouble recently, is good, and it just happened to dissolve the workers along with it." ”

Sell the Kenosha factory that always causes trouble for yourself?

This is a good idea, the kenosha factory is simply an abscess and the biggest thorn in the AMC's body, and with the support of the union, the workers of this factory are extremely difficult to manage, and it would be a good idea to take this opportunity to sell the kenosha factory. The only problem is......

"The equipment at the Kenosa factory is so backward, we originally planned to wait for the financial situation to improve and update the equipment, who can we sell such a pile of junk to? Who will buy it?" asked Chairman Staff, whose eyes lit up.

"What do you think of that Chinese kid?"

That Chinese kid?

That's right!

At this moment, not only Chairman Staff, but also the eyes of the entire AMC executives attending the meeting lit up: Why didn't you think of him?

The whole United States, who doesn't know the blockade and counter-blockade between the Chinese kid and the Germans some time ago, although now the German's blockade has existed in name only, he can easily purchase any production line equipment he needs from any equipment manufacturer and integrator in the world, but the production of equipment takes time, but if you buy the kenosa factory from AMC, there will be no problem at all.