However, there is a major drawback: significantly lowering housing prices would lead to resistance from many real estate developers.
This huge deal has caused quite a bit of sour grapes among car manufacturers.
Chrysler, in particular, deeply regrets that if they hadn't given Xing Baohua a hard time and had instead had a proper talk with him, they probably could have made hundreds of millions.
It's unclear what Nissan models could possibly attract Xing Baohua.
Didn't they want a production line? Send someone to contact them proactively.
The Sequoia Capital partners felt they sold two run-down car factories in South America for a bargain.
Prices should be raised. It did work; some insiders regretted it. They wanted cake but couldn't have it.
When Xing Baohua made his move on Toyota, his domestic brokerage firm notified Toyota. Be careful, Xing Baohua's funds have already begun to circulate and are now buying your stock. It'll likely hit the daily limit up tomorrow or the day after.
This tactic essentially involves driving up the price by placing 10,000 buy orders at a price higher than the current market price. Anyone holding shares who feels the price is right can then sell.
It just keeps going up step by step, and after it's all done, it goes up another point to lock in the gains.
Unless Tuyota also gathers retail investors and various shareholders to release a large amount of stock.
They'll drive the stock price down. If Xing Baohua acquires 5% of the shares, it will constitute a hostile takeover bid.
Do you want the money or the car model?
Toyota panicked and needed to send someone to talk to Xing Baohua to see what he really meant, so they could have a backup plan.
Toyota originally wanted to hire Mitsui Tousaburo, but this guy refused to help with his side jobs? Just one Nissan deal almost put him in an awkward position.
Again? My heart really can't take it.
However, Mitsui Fujisaburo told the people at Toyota that Xing Baohua had returned to the mainland with his West German team.
Xing Baohua has two things to do upon his return.
One was the launch of the Bincheng project, for which Xing Baohua appointed Director Xue as the factory manager. Other assistants were to be selected by Director Xue first.
Director Xue thus organized more than twenty good people and established the Bincheng leadership team.
Xing Baohua has acquired all the technology for Nissan's sports cars, a fact that has already been reported in China. As the saying goes, some people are worried about the cost, while others are delighted.
Those who were worried about the money kept writing letters to Xing Baohua, saying that some of the funds in Xing Baohua's possession needed to be monitored.
With so much money, if we can't spend it all, we can support other businesses to develop and purchase some essential products from international markets.
The most frustrated of them all was the Volkswagen Santana.
We've already spent several billion yuan of national currency, aiming for a total construction cost of 8 billion. Plus, our foreign exchange reserves are facing some difficulties.
Every year, Volkswagen purchases over 100 million US dollars worth of spare parts from Volkswagen.
We want to produce domestically, but for now we have the will but not the capability.
Pusan also wrote to higher authorities requesting assistance. They said Xing Baohua's car factory couldn't provide funds, so they asked for some equipment instead.
Even Xing Baohua himself didn't understand which parts needed to be imported and which needed to be domestically produced.
His initial goal was to spend a lot of money to create something that was our own.
But then Poussin suddenly came over demanding things and money. What to do?!
Furthermore, the higher-ups directly contacted Wei Laisong's family connections, asking him to act as a go-between and find a way for mutual development.
Seeing a part-time job is like that line from a movie: "Brother, for my sake, give me a hand!"
That's what they said, but Xing Baohua still felt disgusted.
There were five people in the group, including an engineer, a vice president, and an office director.
The leader's surname was Zhang, and his name was Zhang Yiming. He wasn't very tall, and was around forty or fifty years old. He was also a cadre with a technical background.
People come to Xing Baohua's car factory not only to see how advanced the technology is, but also to see which spare parts can be used in a Volkswagen Santana.
Cooperation is out of the question, since the car models are different. Let the Volkswagen Santana stick to selling their models!
No matter what type of engine is installed, it is not suitable for the Volkswagen Santana.
If a customer is simply modifying it for fun? That's a different story. Maybe they just like the exterior of a Volkswagen Santana, pretending it has a high-horsepower engine inside, just to show off or something.
Such customers do exist.
The people from Pusan sat down for a meeting in Xing Baohua's cramped little office.
No one complained about the small room, and the office building next door was almost finished, so they could move in soon.
When Mr. Zhang, the general manager of the Volkswagen Santana, saw the DMC, his eyes widened, and he thought to himself, "I made the right choice this time! The exterior is almost too similar to the Volkswagen Santana."
I'm very happy. There's only one model of the Volkswagen Santana right now. If I can get my hands on this model, I'll be able to experience a whole series of Santanas.
He didn't care how much money or effort Xing Baohua spent to get the car. He just said, "Brother, your car looks too much like a Volkswagen Santana. Um, let's give it to the Santana and add a series to the Santana lineup."
The people who came kept nodding; they were all from the same group as General Manager Zhang. Xing Baohua wasn't angry when he heard this. Instead, he said, "This car is for export and will be used in rally races. Do you know how much this car costs? The basic version is around 600,000 US dollars. The upgraded version is over 700,000 US dollars. The best limited edition is 1 million US dollars, and the people from the desert country have already made a verbal agreement."
Everyone else in the room gasped. How much did a Volkswagen Santana cost? A little over ten thousand yuan! And that was after West German Volkswagen assessed the price after it rolled off the production line and suggested it be sold for eighty or ninety thousand yuan. But Volkswagen ignored West German Volkswagen's advice and doubled the price, selling it for eighteen or ninety thousand yuan.
Back then, it had no competitors, and even now, no high-end car can compare to the Volkswagen Santana.
Even if Xing Baohua produces a sports car, it won't be a direct competitor to others.
At least in the country, there aren't many people who can afford Xing Baohua's car.
Even if it exists, it will be reported in the news.
After all, it's like having a millionaire; you need to promote it and hold an awards ceremony.
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