The Volvo Group board had a contingency plan for Tiangong Technology's increased bid, and insisted on selling only Volvo Cars until the price exceeded $25 billion.
Therefore, Gary Mathilda stated, “Mr. Vincent van der Rohe, our group still prefers to sell the Volvo Cars business to your company. With over seventy years of history, Volvo Cars has established itself as a leader in safety innovation and engineering, and enjoys a prestigious reputation for producing the world’s safest vehicles. Since its inception, a focus on safety has been a core principle of the company, a commitment that has driven the development of various advanced safety technologies over the years.”
"For example, three-point seat belts, airbags, anti-lock braking systems, and traction control systems—Volvo has always been at the forefront of developing and introducing other safety features!"
"It is estimated that three-point seat belts have saved more than one million lives worldwide."
"Volvo engineers have also developed a new safety system that uses sensors and cameras to detect potential hazards on the road and alert drivers to take corrective action..."
Gary Matilda gave a lengthy introduction to the advantages of Volvo cars, with particular emphasis on Volvo's safety.
Finally, he said to Fan Boming, "If Tiangong Technology Company can acquire Volvo Cars' business, it will definitely be of great help to your company!"
After listening to the introduction, Fan Boming couldn't help but admire that Volvo cars are indeed the safest cars in the world right now, and he couldn't resist wanting to buy one.
“Mr. Matilda, as far as I know, Volvo Cars is experiencing a downturn and significant losses; it's clearly not as good as you claim. Otherwise, you wouldn't be willing to sell Volvo Cars.”
Fan Boming countered, "If we were to acquire Volvo Cars, we would be taking on enormous risks, and turning a profit would not be easy. Therefore, Tiangong Technology Company still insists on acquiring the entire Volvo Group!"
Gary Matilda shook his head and said, "Mr. Fan, I'm sorry, the board of directors has only authorized me to negotiate the sale of Volvo Cars with you. The Volvo Group is not for sale!"
Fan Boming smiled and said, "There's nothing that money can't buy, unless the money isn't right! If Tiangong Technology can't acquire the entire Volvo Group, we may abandon this acquisition plan. Mr. Matilda, you can express our determination to the Volvo board of directors."
After saying this, Fan Boming stood up, shook hands with Gary Matilda, and said goodbye, "Mr. Matilda, see you next time. I hope to receive good news then!"
Gary Matilda reluctantly saw Fan Boming and the others out of the company.
...
...
"President, the entire delegation from Tiangong Technology Company left Switzerland this afternoon for other European countries!" The secretary rushed into the president's office and reported to Gary Matilda.
Gary Matilda was taken aback by what he heard, somewhat surprised by Tiangong Technology's actions.
"Could it be that Tiangong Technology's target is not only the Volvo Group, but also other European automotive groups?" Gary Matilda felt a pang of panic at the thought.
Frankly speaking, the Volvo Group is currently facing an economic crisis and desperately wants to escape its predicament and revitalize the entire group by selling its Volvo Cars business. If Tiangong Technology doesn't acquire Volvo Cars but instead tries to acquire other car companies, what will happen to the Volvo Group?
At this moment, Tiangong Technology is not worried at all, but Volvo Group has been losing money, and the longer it drags on, the more disadvantageous it will be for Volvo Group.
"Quickly send someone to investigate the whereabouts and purpose of the Tiangong Technology group!!!" Gary Matilda shouted.
“Yes, Mr. President!” The secretary nodded emphatically.
...
Volvo Group is a powerful company in Europe, so it wouldn't be difficult for them to investigate the whereabouts of the Tiangong Technology team.
Less than a week.
The secretary came to Gary Matilda's office, took out a document, and reported: "President, according to our investigation, Tiangong Technology is now actively contacting other European car companies to negotiate acquisitions."
The secretary hesitated for a moment before saying, "President, it's possible that Tiangong Technology's move is deliberately intended to put on a show for our Volvo Group, aiming to throw us into disarray and then sell the company at a low price..."
Gary Matilda nodded and said, "Your analysis makes a lot of sense, but it's also possible that Tiangong Technology does have the idea of acquiring other European car groups. After all, Tiangong Technology's parent company, Wujiang Group, is very rich, and acquiring a few more car companies is not a difficult task for them."
After a pause, Gary Matilda sighed, "Once Tiangong Technology acquires another automotive group, the Volvo Group's importance will be greatly reduced, and it will be very difficult to sell it for a high price then..."
“Continue to have people keep an eye on the movements of the Tiangong Technology group,” Gary Matilda instructed his secretary.
"Yes!" the secretary nodded in response.
...
At that time, many car companies in Europe were facing bankruptcy, and they were overjoyed when they learned of Tiangong Technology's purpose.
Tiangong Technology: Are you willing to sell?
Car company: I do!
Lamborghini suffered several attempts to be sold off, but each time it was neglected, car sales were sluggish, and it was on the verge of bankruptcy. It had no choice but to sell itself.
When Tiangong Technology proposed to acquire Lamborghini, Lamborghini was abandoned by its parent company...
Fan Boming's trip went very smoothly; he finalized the deal with Lamborghini and its parent company Chrysler after only three rounds of talks.
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