Chapter 978 New Chapter
"$1.5 billion? no! This is absolutely impossible unless we are crazy!"
Because he attached great importance to the negotiations with the emp/Qirui team, Bill Volt came to the scene in person this time to take charge of Volt, but he never expected that the first sentence he heard was such a thing. He was angry by the emp/Qirui's behavior of taking advantage of the situation. He stood up and said loudly with an angry look on his face: "Bai, I treat you as a friend, but your actions towards friends really disappoint me!"
The expression on Bill Volt's face was a little exaggerated, almost like dancing and dancing, expressing his inner dissatisfaction. He completely forgot that he could not afford the word "friend".
Just as Bill Volt's roar, the other Volt's team also glared at Em/Qi Rui's side, and started to talk. Looking at their emotional excitement, it seemed as if they were offended by their dignity.
Looking at the Volt team that was in an instant, Bai Ningyuan and others looked calm and stared at the people in front of them leisurely, as if they were not affected at all. What Zhang Yan said before was just a very normal thing.
So, a very strange picture appeared in the room. Volt, who was the seller, stood there, roaring something excitedly, while the emp/Qi Rui party, who was the buyer, showed a very quiet appearance. The conflict between static and dynamic was particularly strong.
After a long time, looking at the smiling face opposite, it seemed as if the melon-eating crowd was watching their performance. I didn’t know if I was tired or felt that there was no need to continue acting, Volt gradually calmed down.
At this time, after seeing this scene, Bai Ningyuan spoke at the right time: "Mr. Volt, I think we can continue to talk now!"
Seeing the other party silent, Bai Ningyuan smiled at Zhang Yan beside him. Zhang Yan suddenly understood Bai Ningyuan's intention, cleared his throat, and then calmly said to everyone in front of him in fluent English: "I also know your anger, but we have done this with our careful consideration. First, in the current situation of intensifying global economic crisis, coupled with the implementation of the EU's new carbon dioxide emission standard policy, and the sluggish sales volume that Jaguar Land Rover has continued to decline in the past three months. We have reason to believe that Jaguar Land Rover's own value is constantly falling, so US$1.5 billion should be a very reasonable price!"
The negotiation team on Volt was silent. I have to say that what Zhang Yan summarized was not unreasonable, and they could not find a reason to refute it for a while. In the end, Bill Volt stood up and talked about the glorious history of Jaguar Land Rover to Zhang Yan, Bai Ningyuan and others. Although they were all old clichés, they at least avoided the embarrassing atmosphere in a short period of time.
With the preparation of Bill Volt, the others finally reacted, settled their thoughts in a short time, and once again started to verbally fight with emp/Qirui.
On this side, emp/Qirui kept emphasizing that the value of Jaguar Land Rover is now falling, while Volt insists on the long history of Jaguar Land Rover. Both sides are talking about it very lively.
The first day of negotiations ended with an unhappy separation between the two sides.
Although the emp/Qirui quotes cannot satisfy Volt, they cannot refuse toughly. There is no way, their current situation makes them have no courage to lose such a potential buyer.
Pita has been eliminated. Although Mahendra has not withdrawn, their attitude has always been shaky. However, for such a long time, they have never sent a negotiating team to contact Volt, and Volt has no hope for them at all.
As for oneequity, they didn't include them in the first choice.
The situation is already like this. Even if they want more money, it’s a pity that they don’t have more time to drag it down with emp/Qirui.
At this time, Jaguar Land Rover was like two huge cancers, absorbing nutrients from Volt every moment, but now Volt himself is already vulnerable, and with these two drags, it can be said that it is difficult to maintain.
They can't wait to get rid of these two burdens and get a chance to breathe.
Although the current emp/Qirui looks extremely hateful, it is equivalent to their last life-saving straw for Volt.
On August 18, Falcon, the first mass-produced car under emp, was officially launched at the emp (Langya) electric vehicle research and development base.
falcon, meaning falcon, evolved from emp's first concept car concept.f, inheriting most of the styling design of concept.f. This name also carries emp's people's vision for this car, rich configuration and excellent performance, which is amazing.
The designed maximum speed is 220 kilometers per hour, and the acceleration is 0 to 100 kilometers per hour for 3.8 seconds.
Although it is not as powerful as its prototype concept.f in less than 3 seconds, it is enough to make many sports cars that are famous for their speed ashamed. You know, Bai Ningyuan's Aston Martin takes 4.5 seconds, and the most familiar Lamborghini Bat and Porsche 911 are only a few seconds faster than the Falcon.
It is equipped with the second generation of ternary lithium batteries developed and created by the Ultramicro/emp Battery Laboratory and the latest upgraded battery management system, which makes the maximum range of this car reach 420 kilometers. On average, in non-extreme environments, the average level of 400 kilometers can be reached.
Although there is a difference between concept.f, don’t forget that this is a mass-produced car. It is definitely quite awesome to be able to reach this level.
However, because Bai Ningyuan was negotiating in the United States, he did not come to the scene in person to cut the ribbon for the first Falcon that was offline. However, Bai Ningyuan still recorded a video of congratulations and sent it to the emp headquarters.
After the falcon engineering vehicle is offline, a series of tests will be required, and after the modeling is finalized, an announcement will be applied to the Ministry of Industry and Information Technology. This will be a very long process, and all of this is already in the emp time planning.
The downlink of the new car is not the end, but it is just a half-way of a series of work. So after Bai Ningyuan congratulated the R&D personnel of the emp electric vehicle project, he refocused the negotiations in front of him.
At this time, Yin Tongyue, who had finished his domestic operation, returned to Detroit as soon as possible. The busy itinerary over the past few days made him feel a little tired, but even so, there was still a smile on his face.
Although the action he presided over in China this time also paid some favors and prices, in general, it was still a win-win situation. emp/Qirui got his wish and forced his biggest competitor Pita out. Ju Ze and others who participated in the action plundered a considerable amount of funds from Pita through the speculation of buying low and selling high these days. They were considered to have gained a lot, and the only one who was hurt was Pita.
There was nothing to say in the next time, it was just various negotiations. As for the rest, Bai Ningyuan had personal experience in Detroit's security a few days ago, so he would not take Zhang Yan everywhere without any trouble. He would repeat yesterday step by step every day.
But it is obvious that emp/Qirui can afford it, while Volt and the others can't afford it. At this moment, no one hopes that this business can be completed as soon as possible, so on some irrelevant issues, they no longer care about it and satisfy emp/Qirui as much as possible.
In this negotiation, emp/Qirui seemed to have suppressed Volt and became the master of this negotiation.
But on all key issues, volts are still tight, such as the price.
The quotation of $1.5 billion obviously does not satisfy them. The gap is still relatively large from their ideal value.
The negotiations continued to drag on.
As time goes by, all problems are being solved one by one, and the two sides are getting closer and closer to reaching an agreement.
Volt promises that during the transition period, Volt Financial will continue to provide financial services to Jaguar Land Rover dealers and customers, and the service duration will vary from market to market, with a maximum of no more than 12 months.
Then, regarding the technical requirements of emp/Qirui, Volt also chose to compromise. At different stages, he continued to provide Jaguar Land Rover with power systems, stamping parts and other vehicle accessories. In addition, he would also provide various technologies such as environmental protection and platform. At the same time, he would also provide support in engineering, information technology, accounting and other services, including research and development.
At this time, Volt became a nanny and even provided a lot of technical support. Although he was reluctant, he had no choice but to be on the verge of life and death. How could he care about these things?
Then, the two sides reached an agreement on the subsequent workers and image. emp/Qirui promised not to change the image of Jaguar Land Rover, and would not close or transfer factories in England. As for workers, they would make reasonable and effective identification of workers under the supervision of the union before receiving them. For dismissed employees, emp/Qirui would also provide reasonable compensation.
For management, emp/Qirui also reached an agreement with Volt that during the transition period, there will be no large-scale changes in management to ensure that the entire Jaguar Land Rover will undergo smooth and orderly ownership changes.
One question after another was reached, and soon, in addition to the price, the two sides had completed negotiations on all projects, and the day of successful negotiations was getting closer and closer.
For a time, the world has attracted attention for this long-lasting acquisition case.
After all, Volt did not have the courage to destroy the good situation in front of him, and they compromised!
On August 28, Volt officially announced that the company had signed a final agreement with emp/Qirui, which will acquire all tangible and intangible assets of the Jaguar Land Rover brand for US$1.55 billion from Volt for all tangible and intangible assets, and Jaguar Land Rover's history will usher in a new chapter...
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Chapter completed!