Chapter 978: A New Chapter
"$1.5 billion? No! It's absolutely impossible, unless we're crazy!"
Because he attaches great importance to this negotiation with the EMP/Qirui team, Bill Volt specially came to the scene this time to sit on Volt's side, but he never thought that the first sentence he heard was actually this kind of words, he was angered by EMP/Qirui's down-to-earth behavior, stood up, and said loudly with an angry face: "White, I treat you as a friend, but your behavior towards friends is really disappointing to me!"
The expression on Bill Volt's face is a little exaggerated, almost dancing to express the dissatisfaction in his heart, completely forgetting that what he did before should not be worthy of the word "friend". Pen | fun | pavilion www. biquge。 info
In the midst of Bill Volt's roar, the rest of the Volt team also glared at EMP/Ridery's side, and began to talk one after another, looking at their emotional appearance, as if they were offended by their dignity.
Looking at the volt team that blew up all of a sudden, Bai Ningyuan and the others had a calm face, staring at the people in front of them for a long time, as if they had not been affected in any way, and what Zhang Yan said before was just a very normal thing.
As a result, there was a very strange picture in the room, as the volt of the seller, standing there with emotion and roaring loudly, while the EMP/Qirui side, as the buyer, was very quiet, and the conflict between stillness and movement was particularly strong.
After a long time, looking at the smiling look on the other side, it was as if the melon-eating crowd was watching their performance, I don't know if I was tired, or I felt that there was no need to perform anymore, and Volt's side gradually calmed down.
At this time, after Bai Ningyuan saw this scene, he also spoke at the right time: "Mr. Volt, I think we can continue to talk now!"
Seeing that the other party was silent, Bai Ningyuan smiled at Zhang Yan beside him, Zhang Yan suddenly understood Bai Ningyuan's intention, cleared his throat, and then calmly said to the people in front of him in fluent English: " First, under the current global economic crisis, coupled with the implementation of the EU's new carbon dioxide emission standard policy, and Jaguar Land Rover's declining sales in the past three months, we have reason to believe that Jaguar Land Rover's own value is declining, so $1.5 billion should be a very reasonable price!"
Volt's negotiation team was silent, I have to say that what Zhang Yan summarized was not unreasonable, so that they couldn't find a reason to refute for a while, and in the end, it was Bill Volt who stood up and talked about the glorious history of Jaguar Land Rover to Zhang Yan and Bai Ningyuan and others, although they were all clichés, but at least they avoided the embarrassing atmosphere in a short time.
After having Bill Volt's foreshadowing, the rest of the crowd finally reacted, precipitated their thoughts in a short time, and once again began to argue with EMP/Qirui's side.
Here, EMP constantly emphasizes that the value of Jaguar Land Rover is declining, while Volt insists on the long history of Jaguar Land Rover.
The first day of negotiations ended in an unhappy breakup between the two sides.
Although the offer from EMP/Qirui could not make Volt feel satisfied, they could not refuse forcefully, there was no way, their current situation made them simply not have the courage to lose such a potential buyer.
The stampede is out, and although Mahendra has not yet withdrawn, their attitude has always wavered, but from the fact that they have not sent a negotiating team to contact Volt for so long, Volt has completely lost hope for them.
As for OneEquity, they didn't put them in their first choice.
The situation is already like this, even if they want more money, but unfortunately it doesn't wait for me, they don't have any more time to drag it out with EMP/Qirui.
At this time, Jaguar Land Rover is like two huge tumors, absorbing nutrients from Volt's body all the time, but now, Volt itself is already vulnerable, plus these two drags, it can be said that it is difficult to maintain.
They can't wait to shake off these two burdens and get a respite.
And the current EMP/Qirui, although it looks extremely hateful, but for Volt, it is equivalent to their last straw.
On August 18, Falcon, EMP's first mass-produced car, and the first engineering vehicle officially rolled off the assembly line at the EMP (Langya) electric vehicle R&D base.
Falcon, which means falcon, is an evolution of EMP's first concept car, Concept.F, inheriting most of the styling design of Concept.F, and the same name also carries the vision of EMP people for this car, rich configuration and excellent performance, which is staggering.
The designed maximum speed is 220 kilometers per hour, and the acceleration from 0~100 kilometers is 3.8 seconds.
Although it is not as strong as its prototype Concept.F in less than 3 seconds, it is enough to make many sports cars known for their speed ashamed, you know, Bai Ningyuan's Aston Martin still needs 4.5 seconds, and the most well-known Lamborghini Bat and Porsche 911 are only a few tenths of a second faster than the Falcon.
Equipped with the second-generation ternary lithium battery developed and built by the Supermicro/EMP battery laboratory and the latest upgraded battery management system of EMP, the maximum range of this car has reached 420 kilometers, and the average level of 400 kilometers can be reached in non-extreme environments on general comprehensive roads.
Don't look at the gap with the Concept.F, but don't forget, this is a production car, and being able to reach this level is quite impressive.
However, because Bai Ningyuan was negotiating in the United States, he did not come to the scene to cut the ribbon for the first Falcon off the assembly line, but Bai Ningyuan still recorded a congratulatory video and sent it to the EMP headquarters.
After the Falcon engineering vehicle rolls off the assembly line, it will still need to go through a series of tests, and then apply to the Ministry of Industry and Information Technology for announcement after finalization, which will be a long process, and all of this has been planned by EMP.
The new car is not the end, but it is only the middle of a series of work, so after congratulating the developers of the EMP electric vehicle project, Bai Ningyuan refocused on the negotiations in front of him.
At this time, Yin Tongyue, who had ended his domestic operation, also returned to Detroit for the first time, and the busy schedule in the past few days made him a little more tired, but even so, he still had a smile on his face.
This time he presided over the operation in China, although he also paid some favors and costs, but in general, it was still a win-win situation, EMP/Qirui side got his wish to force his biggest competitor out of the stampede, and those who participated in the action Ju Ze and others, through these days of buying low and selling high speculation, plundered a lot of money from the stampede, which is considered a lot of gains, and the only one who was hurt was only the stampede.
There is nothing to say about the next time, it is nothing more than all kinds of dark negotiations, as for the rest, Detroit's poor security, Bai Ningyuan also had his own eyes a few days ago, so he will not pull Zhang Yan everywhere if he has nothing to do, and he repeats yesterday step by step every day.
But obviously, EMP/Qirui can afford to drag it, and Volt they can't afford to drag it, at this moment, no one wants this business to be completed as soon as possible more than them, so on some irrelevant issues, they have stopped caring and trying to satisfy EMP/Qirui as much as possible.
In this negotiation, EMP/Qirui seems to have pressed the volt and became the master of this negotiation.
But on all key issues, the volt still bites tightly, such as the price.
The offer of $1.5 billion is obviously not satisfactory to them, and the gap between them and their ideal value is still quite large.
Negotiations dragged on.
As time passed, each issue was being solved one by one, and the two sides were getting closer and closer to reaching an agreement.
Volt has committed that during the transition period, Volt Financial will continue to provide financial services to Jaguar Land Rover's dealers and customers, and the duration of the service will vary from market to market and up to 12 months.
Then, when it came to the technical requirements of EMP/Qirui, Volt also chose to compromise and continue to supply Jaguar Land Rover with powertrains, stamping parts and other vehicle accessories at different stages, in addition to various technologies such as environmental protection and platforms. It also provides support in engineering, information technology, accounting, and other services, including R&D.
At this time, Volt has become a nanny, and even provided a lot of technical support, although reluctantly, but there is no way, they are on the verge of life and death, where will they take care of these?
Then, the two sides reached an agreement on the follow-up workers and image, EMP/Qirui promised not to change the image of Jaguar Land Rover, and at the same time will not close and transfer the factory in England, as for the workers, under the supervision of the trade union, the workers will be reasonably and effectively screened before acceptance, for the dismissed employees, EMP/Qirui will also give reasonable compensation.
In terms of management, EMP and Volt have also agreed that during the transition period, there will be no large-scale change of management to ensure that the entire Jaguar Land Rover will carry out ownership changes in a smooth and orderly manner.
One issue after another continued to be agreed, and soon, in addition to the price, the two sides have completed the negotiation of all the projects, and the day of successful negotiation is getting closer and closer.
For a time, the world has paid attention to this protracted acquisition.
Volt didn't have the courage to ruin the good situation in front of them after all, they compromised!
On August 28, Volta officially announced that the company has signed a definitive agreement with EMP/Qirui, which will obtain all the equity of the Jaguar Land Rover brand and all tangible and intangible assets such as patented technology from Volta's hands at a price of 1.55 billion US dollars, and the history of Jaguar Land Rover will usher in a new chapter......
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