Chapter 16: Acquisition of Audi Car Brand for US$500 Million



The president of Mercedes-Benz arrived with several senior executives, as well as Bao Junyi's team.

When everyone sat down, Tom stood up and walked to the center of the stage.

Tom smiled professionally and said, "Good afternoon, ladies and gentlemen. Welcome to the Mercedes-Benz press conference."

"I'm sure everyone has some news from this press conference, so I won't waste any more words."

"Mercedes-Benz is selling its Audi brand and has partnered with Xiangjiang Miracle Auto. They completed the asset review and acquisition a day ago."

Journalists and media from all over the world were all confused. Wasn't this just a formality?

I haven't had time to turn on my camera yet.

"Oh shit."

He doesn't play by the rules and goes big right away.

Tom ignored the reporter and continued, "Mercedes-Benz and Miracle Auto have reached a cooperation agreement and are acquiring Audi for $250 million, assuming a debt of 1 billion Deutsche Marks to complete the acquisition."

"Next, we welcome our Chairman of Miracle Auto, Mr. Bao Junyi, to speak."

Bao Junyi stood up and said with a smile: "Thank you to all the reporters from all walks of life for attending the Miracle Auto acquisition press conference."

"Miracle Group is an automotive company with R&D, production, and OEM factories. After acquiring Audi, they will invest funds as quickly as possible to restructure and resume production."

"Furthermore, the Miracle Automotive R&D Center in the United States has developed quattro four-wheel drive technology (4WD), which means it's no longer limited to rear-wheel drive (PWD), ushering in the era of four-wheel drive."

"At the same time, Miracle Auto's headquarters is in Hong Kong. We welcome talents from all walks of life to join us. As long as you have the ability, we can provide you with a car or a house. An annual salary of US$1 million is not a dream!"

All the employees at the Audi factory were stunned. Is it so direct?

No one had reacted yet. "Please vote and urge me to update. Thank you so much!"

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