After Sequoia Capital left, Xing Baohua had people collect detailed information about DeLorean Automotive.
To say nothing of distant places, there's one in Hong Kong. The movie "Back to the Future" released two years ago made DeLorean a hot topic, but unfortunately, the factory had already gone bankrupt by then.
Moreover, the debt is spread out in a large way, which makes it a headache for many car manufacturers, who dare not acquire it.
This has made the DMC-12 a favorite in the secondhand market.
Moreover, there are only 16 right-hand drive vehicles in the entire DeLorean series that are officially produced worldwide, and one of them is in Hong Kong.
The car owner also found out that the person in question is a well-known figure in film, television, and music. "Big Nose Guy" also bought the car used in Hong Kong, intending to use it for filming.
It's been sitting in the garage and hasn't been used much.
This car isn't expensive either; a new one costs just over $20,000.
Xing Baohua called Hua Zai, wanting to arrange a meeting with Big Nose Brother.
It took some effort to finally get in touch with this big shot in the action movie industry.
Having grown up watching his movies, Xing Baohua has great respect for him.
A table was specially set up, knowing that this person is a connoisseur of fine wines, though not the finest baijiu; Royal Salute, a foreign spirit, was also placed on the table.
When the other person arrived, he politely shook hands with him. Of course, he didn't come alone; he brought several of his fellow apprentices with him.
There's also the big brother, Fatty Hong.
Both sides sat down politely, some drinking and others chatting idly.
Xing Baohua then said he wanted to buy Big Nose Brother's DMC-12.
Perhaps after a few drinks, or perhaps because the car wasn't very expensive, Big Nose Brother offered to give Xing Baohua a ride.
Don't be fooled by the cheap price of the car; it will be more expensive in Hong Kong or other regions.
Xing Baohua was about to write a check, but Brother Long stopped him and refused to take the money, saying that he would deliver the car to Xing Baohua's house tomorrow.
"By the way, Mr. Xing, that DMC car really isn't suitable for your status. How about this, I have a Lamborghini, you can take it!"
"Thank you for your kind offer, but I won't drive that car. I'll just take it apart and study it. You might not know this, but I'm planning to open a car factory to produce high-end brands for our nation. So, once I've produced one, I'll send you one. Remember to help me promote it."
The car-for-car deal was settled happily just like that.
Perhaps Xing Baohua produces many times more high-end cars than these two DMCs, but Xing Baohua doesn't feel like he's at a disadvantage, after all, Big Nose Brother's influence is still very significant.
This is equivalent to an unofficial endorsement.
Hong Pang would also offer toasts from time to time, and several people who could drink got together and were all forced to drink until they were staggering.
When they saw them off from the restaurant, Big Nose Brother put his arm around Xing Baohua's neck and called him brother, saying that if they needed anything, they should come to him.
Whether he's effective or not, just the way he said that makes him seem very generous.
The next day, Xing Baohua met the legendary DMC, and he did indeed look... well, you know.
How should I put it? It's basically a slightly longer Santana, or a Jetta with some lines. It looks like a sedan with its boxy shape, but it's positioned as a sports car.
Otherwise, why bother with V6 and V8?
It's true that Chinese people like high-powered, high-energy cars, but that doesn't mean they have poor taste.
This is a typical example of a failed exterior design.
Moreover, the sports car is cheaper, costing only a little over 20,000 US dollars.
To Xing Baohua's surprise, the engine was located in the trunk; it was a rear-mounted engine.
The line of thinking is correct; those luxury sports cars all have rear-mounted engines. Why does this DMC always remind Xing Baohua of the Beauty Leopard?
Perhaps it's because it costs over 20,000 US dollars! It's cheap.
Open the car door, get in, and experience it – it's still a five-speed manual.
I drove around for a bit and didn't notice anything special. As for whether the chassis is stable, I'll have to test it out on a test track.
Let's leave it at that for now, get the car back to central Shandong, and wait for the AMG engineers to arrive so they can disassemble it and study it.
When Xing Baohua arrived at the office, the DMC information he had inquired about was already on his desk.
From a rough look, DMC's debt isn't that much, around 30 million. The bulk of it is debt owed to institutions and banks.
In addition to its domestic factories, DMC also has an assembly plant in Western Europe.
Furthermore, it has an assembly plant in both Brazil and Argentina, two of the world's biggest football stars.
DMC produced approximately 9,000 vehicles from its opening to its closure, but only sold a little over 6,000.
The report shows that the chassis was not developed by them, but rather a purchased patent.
Because it is designed with sports car concepts, the chassis is very heavy and the cost is high.
Xing Baohua felt that if the car was so cheap, how much could the chassis cost? Even if it was cheaper and cost-saving measures were implemented, how much cheaper could it be?
Despite Xing Baohua's criticisms of this car, the company has a well-equipped factory and production lines for each stage.
Whether they own a company or a factory, most Chinese people like to use other people's money to develop their businesses.
They like venture capital involvement; DMC was built up by numerous venture capital and angel funds. When they ran out of money in the development stage, they used other assets as collateral to raise funds.
When bankruptcy occurs, venture capitalists, in order to protect their own interests and reduce losses, will dismantle the factory's equipment and transfer it to their own names.
Institutions and banks can only compete for what they are being mortgaged, and in the end, they end up with either land or unsold inventory of cars.
Xing Baohua understood why Sequoia Capital had suggested he choose DMC's production line.
Is the other party capable of avoiding other troubles and helping Xing Baohua move the production line to China?
It's easy to think of the production lines in Afghanistan and Pakistan.
These two production lines should be better than Mercedes-Benz's in the 1940s.
Oh well, we've already paid for that line, and it's being dismantled and loaded onto the ship right now! We can just get another model.
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