If Nanwan intervenes now, the cooperation between GAC and Honda might be ruined.
According to China's automobile joint venture regulations, foreign-funded automobile companies must first establish a joint venture with a Chinese automobile company. After the two parties have reached an agreement, they must report to the government for approval.
Honda also has to go through this process. Once it finds a joint venture partner, it will take more than two years to go through the process again. If it delays a little longer, it will take another three years.
After waiting for government approval and building a production line to produce complete vehicles, five years passed in a flash.
Five years later, there are different opinions on what cucumber dishes look like.
However, GAC's 3 billion foreign debt is not a small amount. If the other party only had 300 million foreign debt, Wan Feng would have taken it without even thinking about it.
Another point is that GAC is a state-owned enterprise.
Although Wan Feng supports state-owned enterprises, he is really not willing to deal with them.
It's nothing special! They're too arrogant, too bureaucratic, and slow to get things done.
It is said that Chinese people like to play some romantic games when they have nothing to do, but according to Wan Feng, that is stupid.
Only idiots play romance all day long.
While car companies in other countries are trying their best to enter the Chinese market, Peugeot does not take the Chinese market seriously at all.
In terms of the earliest or later entry into the Chinese market, it is probably the only one besides Volkswagen.
But it would be useless to come in too early. Although Volkswagen also has many shortcomings, at least it has run the joint venture very smoothly.
But the logo doesn't work.
In 1985, Peugeot entered China and established a joint venture with GAC.
But unlike Volkswagen, this car did not bring in the latest models, but instead brought in the previous generation models that had been eliminated.
Do you think this is romantic or arrogant?
It's that sign that looks top-heavy and with its butt sticking out.
In the first few years, when there were no cars, Peugeot's sales were still acceptable, but after the 1990s, Peugeot gradually fell out of favor not only in the whole country but also in Guangdong.
In addition, the domestic production rate is not high, and the imported components are ridiculously expensive, so the cost cannot be reduced.
It would be strange if it could be sold as it is an old model and not cheap.
Another thing is that the top leaders of both sides have not found any common ground over the years, have not been able to get along well, and have continued to have conflicts.
After more than ten years of joint venture sales, the sales volume is still a long way from 100,000.
Even so, Peugeot is still determined not to allow new models to enter.
There is a reason why Peugeot does not release new cars. Over the years of the joint venture, Peugeot's parent company has earned billions in the Chinese market just by selling parts.
Even if the joint venture suffers losses, why would they have the incentive to release new cars?
In a fit of anger, GAC told Peugeot Potato to move away.
The people of Faguo refused to do so and wanted to stay put, so the government stepped in and ordered them to leave.
If Peugeot had brought the best technology and the latest car models to China from the beginning and taken it seriously, it might not have been a darling of the Chinese auto market.
Even if you can't catch up with the masses, at least you won't end up in obscurity.
Later, even the joint venture between Second Automobile Works did not have much impact. It was a dispensable existence, not even as good as Hyundai Kia in Han Country.
There has been no contact between GAC and Peugeot since the end of last year.
GAC has had contacts with many foreign companies, but its 3 billion yuan in foreign debt prevented these contacts from producing results and nothing was concluded.
Until Honda came along.
In order to enter the Chinese market, Honda took on nearly 400 million yuan in foreign debt.
Compared with the stupid Japanese, the Chinese are just fools.
"Lao Zhang! You have nothing to do anyway, so why not contact GAC? If the foreign debt is shared equally by both parties of the joint venture, we can consider it. If GAC insists that the foreign party bears all the debt, then forget it, and let the Japanese in."
If both parties of the joint venture bear half of the foreign debt, Wan Feng can seriously consider taking over.
The reason why Xiwan can only produce pickup trucks and microvans, but not sedans, is actually closely related to the existence of GAC.
Local protectionism is just empty talk.
Zhang Shiqian also tried to do so, but was unsuccessful. At most, he was allowed to produce pandas.
If we can cooperate with GAC, Xiwan will be able to produce cars by then.
However, Wan Feng also thought that even if he blocked the loophole of GAC, Honda would find some other car to come in, and it would only be a few years later at most.
"Okay! I'll go and see if they have any questions. I'll contact you anytime."
After hanging up the phone, Wan Feng felt that he had to hold a meeting when he got back and call together the senior executives of the group to discuss the matter.
There aren't many meetings to discuss issues at Nanwan Group.
Nanwan Group’s usual Jueji Wanfeng himself made the final decision.
He is a reborn person, and he knows exactly what he can and cannot do, so he doesn't need to ask for other people's opinions.
If he asks for other people's opinions even though he has such an advantage, wouldn't it be a waste of his rebirth?
But he himself couldn't make up his mind about this matter. Although Honda and GAC could achieve glory, it didn't prove that Nanwan and GAC could also create glory through cooperation.
GAC and Honda are cooperating, and GAC is in a lower position. As long as the Japanese can offer something sincerely, it will not be difficult for both parties to cooperate happily.
But if GAC cooperates with Nanwan, will GAC be willing to be in a low position?
Although Nanwan has its own technology and brand, it is a private enterprise.
It is impossible for GAC to let Nanwan take the lead.
Wan Feng is not very happy about this contact with GAC, and feels that nothing will come of it.
…
The floods in the Songhua River and Nenjiang River arrived as expected on August 15th.
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