Chapter 954: Volt's Bad Situation
"By the way, have you really decided to sell Jaguar and Land Rover, Bill?"
In a conference room in the Volt headquarters, several people sat around a round table, and one of them spoke, and the atmosphere in the whole conference room was a little suffocating. Pen, fun, and www.biquge.info
After hearing his words, almost everyone in the office turned their eyes to the tall middle-aged man in the center.
He is William Clay Volt, the chairman of Volt and the fourth generation of the Volt family, but most people like to call him "Bill".
At this time, after hearing his questioning, Bill did not answer immediately, but sat there with his head bowed, as if he was thinking.
Seeing his actions, the faces of the two people who were originally sitting next to him, Alan Mulali and Mark Fields, involuntarily showed a little nervous look.
At this time, Alan Mulali served as the company's CEO, and Mark Fields was in charge of Volta's overall work to lay off 30,000 employees during the previous crisis.
"That's right, I've decided, now the company is in a life and death situation, these brands are not Volta's own brand, and they can't bring economic benefits to Volta, but have a lot of losses every year, in this case, selling them is obviously the best choice!" After a long time, Bill Volt raised his head, said in a deep voice with a somewhat determined look on his face, paused, he looked at everyone again, and said in a deep voice: "Or, which of you has a better choice?"
Hearing his words, Fields and Murali on the side couldn't help but secretly breathe a sigh of relief.
The others, under Bill's slightly fierce gaze, silently lowered their heads, and no one made a sound, and the entire conference room fell back into solemnity, even the person who had just questioned Bill was also dumbfounded.
In fact, they are also at a loss.
Bill Volt became chairman of the board of directors in 1999, and soon after taking office, he fired the CEO and became his own part-time, full of confidence that he hoped to bring Volt to a new peak with his own ability, so he carried out a lot of reforms in the company, but Bill was too young after all, although he worked hard to deal with the company's affairs and showed great enthusiasm, but the company not only did not have any development, but Volt's market share declined year by year.
In fact, this kind of problem is not only Volt himself, the three major automobile companies in the United States, Volt, General Motors and Chrysler, unsurprisingly all entered into economic difficulties, in the automobile industry can be said to be a loss across the board, a large number of cars are unsalable, detained in the warehouse, and those vampires on Wall Street are always eyeing them, from time to time through the stock market to make waves, eating their flesh and blood.
In 05 years, finally through all kinds of hard ways, so that the American automobile industry is about to start again, a hurricane named Katrina hit the southern part of the United States, and the affected area is the production of crude oil, this is good, the entire American oil price can be said to be rising, the original American car in the fuel is not much attention, now fuel shortage, those fuel-efficient Japanese cars are obviously more popular with the American people, after all, most of the American people, also to live a careful life, in this way, the American brand produced cars in the economy disadvantages are once again magnified, large-displacement models have once again been snubbed by consumers, and more importantly, the sales problem has not been solved, and the union has come to the door again.
Under heavy pressure, Delphi, as a supplier to the three major car brands, declared bankruptcy, which not only gave the union a blow to the head, but also a blow to the three car brands, making them realize that the scale they were proud of was vulnerable to the market.
As a result, the three major car brands quickly reached an agreement with the union to find their own way to revive, and it was under this circumstance that Fields was recalled by Bill from the Japanese headquarters overnight to fully preside over the layoffs.
In addition, Bill is under the recommendation of others, hired Murali, who was depressed at Boeing, as the company's CEO, and fully presided over the revival of Volta, at this time, the situation of Volt cars, has been eroded to the point of no return, the entire 06 years, Volt lost $3.6 billion in the automotive industry, and the company can now only rely on Volt Financial profits to maintain itself.
In this situation, Mulali went all out with Beal's support and began to implement the "One Volt" strategy, and last year, Volt sold Aston Martin, bringing Volt $900 million in valuable development funds.
Seeing that everything seemed to be developing in a good direction, but the house leak happened to rain overnight, and at this time, the subprime mortgage crisis in the United States broke out, and the auto market could no longer withstand the successive blows, which can be said to be a collapse.
Volt Finance, which Volt is the pillar of, suffered a devastating blow in this economic crisis, and the entire company was on the verge of bankruptcy in an instant, and GM was not much better, as for Chrysler, in May this year, DaimlerChrysler announced that it would sell 80.1% of the equity of its subsidiary Chrysler Group to private capital operators at a price of $7.4 billion.
With a large backlog of cars, no one from dealers, a large number of workers being laid off, and a lot of debts in the company, it seems that at this time, Volt is almost desperate except to sell its brands again.
In this case, Jaguar Land Rover, which has an annual loss of more than a billion yuan, is naturally the first choice for Volt to sell.
In fact, the news that Volt wants to sell Jaguar Land Rover, as early as last year after the sale of Aston Martin, there have been rumors circulating, at that time there were many car companies expressed strong interest in these two brands, but the reality is that with the impact of the subprime mortgage crisis, the economy of the United States has been hit hard, and the economy of the United States has always been a barometer of the global economy, so those who originally expressed interest in Jaguar Land Rover, at this time also pretended to be deaf and dumb.
In this way, Volt was suddenly embarrassed.
Originally, the emperor's daughter didn't worry about getting married, but now, almost smashed in his hands and no one cared about it, now, no matter how good things are, they are a little useless for the situation they are facing.
Seeing the volts up and down, they were already anxious to turn around, and at this time, the official statement issued by EMP and Qirui was simply fairy sound for them......
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