Chapter 954 Volt's Bad Situation
"By the way, have you really decided to sell Jaguar and Land Rover, Bill?"
In a conference room in Volt's headquarters, several people sat around a round table. One of them spoke, and the atmosphere in the entire conference room was a bit suffocating and solemn.
After hearing his words, almost everyone in the office turned their attention to the tall middle-aged man in the center.
He is William Clay Volt, chairman of Volt, and the fourth generation descendant of the Volt family, but most people like to call him "Bill".
At this time, after hearing the question of him, Bill did not answer immediately, but sat there with his head down, as if he was thinking.
Seeing his actions, the two people sitting next to him, Alan Murali and Mark Fields, couldn't help but show a look of nervousness on the faces of the two people.
At this time, Allen Mullari was the company's CEO, and Mark Fields was in charge of Volt's layoffs of 30,000 employees in the previous crisis. It can be said that the two people are Bill Volt's right-hand man in implementing the revival plan.
"Yes, I have decided that the company is now in a life-and-death situation. These brands are neither Volt's own brands nor can they bring economic benefits to Volt. Instead, they suffer a lot of losses every year. In this case, selling them is obviously the best choice!" After a long time, Bill Volt raised his head and said in a deep voice with a somewhat firm look on his face. He paused, and he looked at everyone again and said in a deep voice: "Or, who has a better choice?"
When he heard his words, Fields and Murali couldn't help but breathe a sigh of relief in secret.
The others, under Bill's slightly sharp gaze, silently lowered their heads, and no one made a sound. The entire conference room was in solemnity again. Even the person who had just questioned Bill was also silent.
In fact, they were also at a loss.
Bill Volt has been the chairman since 1999. Not long after he took office, he fired Ceo and became a part-time position. He was full of confidence and hoped to use his ability to bring Volt to a new peak. Therefore, he carried out a lot of reforms in the company. However, Bill was too young after all. Although he worked hard to handle the company's affairs and showed great enthusiasm, the company not only did not have any development, but Volt's market share declined year by year.
In fact, it is not just Volt himself who has such a problem. The three major American automobile companies, Volt, General Motors and Chrysler, all entered economic difficulties without surprise. They can be said to have suffered losses across the board in the automobile industry, with a large number of cars being unsold and detained in the warehouse. The vampires on Wall Street are always eyeing them, making waves through the securities market from time to time, eroding their flesh and blood.
In 2005, when the American automobile industry was about to start again through various difficult methods, a hurricane called Katrina hit southern America, and the affected areas were the crude oil production sites. Now, the oil prices in the entire United States can be said to be rising. The cars originally made in the United States did not pay much attention to fuel. Now that fuel is in short supply, those fuel-efficient Japanese cars are obviously more popular with the American people. After all, most American people also have to live a careful life. In this way, the economic disadvantages of cars produced by American brands have been magnified again, and large-displacement models have been neglected by consumers. More importantly, the sales problem has not been solved yet, and the union has come to the door again.
Under heavy pressure, Delphi, as the supplier of the three major automobile brands, declared bankruptcy. This not only gave the union a blow, but also gave the three major automobile brands a blow, making them realize that the scale they were originally proud of was vulnerable to the market.
As a result, the three major automobile brands quickly reached an agreement with the trade union to find ways to revive their own ways. In this case, Fields was recalled by Bill from Japan overnight to take charge of the layoffs.
In addition, Bill hired Mullli, who was frustrated at Boeing, to serve as the company's CEO, and was in charge of Volt's revival. At this time, Volt's situation was already undefeated. In 2006, Volt lost $3.6 billion in the automotive industry, and the company can only rely on Volt's financial profits to maintain.
Under such circumstances, Mullari made every effort to implement the "one volt" strategy with the support of Bill. Last year, Volt sold Aston Martin, bringing Volt valuable $900 million in development funds.
Seeing that everything seemed to be moving in a good direction, but it was raining all the time. At this time, the US subprime mortgage crisis broke out, and the automobile market could no longer withstand these consecutive blows, and it could be said that it was in a slump.
Volt Financial, which Volt Financial, was almost devastating during this economic crisis, and the entire company was on the verge of bankruptcy. GM was not much better. As for Chrysler, in May this year, DaimlerChrysler announced that it would sell 80.1% of its equity in its subsidiary Chrysler Group to private capital operators for US$7.4 billion.
There is a large backlog of cars, no one to buy goods from dealers, a large number of workers have been laid off, and there is still a lot of debt in the company. It seems that at this time, Volt is almost at a desperate situation except for selling its brand again.
Under such circumstances, Jaguar Land Rover, which has a loss of more than one billion yuan per year, is naturally the first choice for Volt to sell.
In fact, rumors have been circulating about Volt's sale of Jaguar Land Rover as early as last year's sale of Aston Martin. At that time, many car companies expressed strong interest in these two brands, but the reality is that with the impact of the subprime mortgage crisis, the American economy suffered a heavy blow, and the American economy has always been a barometer of the global economy. Therefore, those car companies that were originally interested in Jaguar Land Rover suddenly became deaf and dumb.
Since then, Volt suddenly became embarrassed.
Originally, the emperor's daughter had no worries about marriage, but now it was almost gone in her hands and no one cared about it. Now, no matter how good it is, it will be of little help to the situation they face.
Seeing Volt go up and down, he was already anxious. At this time, the official statement issued by emp and Qi Rui was simply a fairy voice for them...
The first update today!
Thank you to the book friend "Xiaoxiaodou" for your kind reward of 500 starting coins, and bow to express your gratitude!
Chapter completed!