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Chapter 448 Buying Shares at a Low Price (Part [-])
"What are the main technical difficulties now?" Xiao Jun asked.

"It's mainly about the alloy. We haven't synthesized the perfect one yet. Anyway, the heat is always a bit off. Also, the raw materials are a little missing! Before we failed, it was because the raw materials were not available and we used other materials. Therefore, the parts of the manufactured energy-absorbing device are easily damaged, and they simply cannot withstand the impact and loss of pressure and energy." Tony said.

"Material?" Xiao Jun frowned slightly, this is a very important thing.

"You can search in outer space to see if there is any suitable new material. The earth does not have it, so look in outer space!" Xiao Jun suggested.

"This one is fine! But it may take a long time to find the right one." Doctor Doom said solemnly.To be honest, he has been researching this energy-absorbing device for the past six months.

"You can also consult Dr. Gero if you have time." Xiao Jun smiled.After more than half a year now, Dr. Gero has completely let go of his hatred for Monkey King.He is now in seclusion alone.Every day is to invent, research new artificial human technology, and at the same time enhance its own strength.

"can!"

…………

"Su Ci, how are the stock markets in Europe and America, such as steel, automobiles, and new materials?" Xiao Jun asked.

"The stock market in the auto industry is still in a downturn. The steel market is also affected by the economic crisis, but it is much better than the auto market. The new material market is also affected by the economic crisis. The stock market has plummeted, and many small and medium-sized companies have closed down." Su Ci report.

"Well, let me take a look." Xiao Jun opened the stock exchange of Ford Motor Company and checked it.

"Hey, Ford Motor fell to 5 cents per share, this is the rhythm of the collapse!" Xiao Jun said unexpectedly.But thinking about it, he was also relieved. After all, the American Emperor's Ford Motor Company was far behind General Motors.

He remembered that when the new energy vehicles of his BYD Motor Company were not on the market, the sales of Ford Motor Company's cars fell very sharply!

At the beginning, more than a year ago, Changan Ford, a joint venture formed by Ford Motor and China Changan Automobile Group, had decided not to renew contracts with some agencies that provided workers for it. The automaker is currently struggling with declining sales in China. situation.

At that time, Changan Ford had "quietly started" layoffs of thousands of people. At that time, Changan Ford's five factories had reduced the shift from three shifts to one shift.The company has a total of 2 employees in China.Changan Ford, Ford Motor's joint venture in China, has laid off employees, which is actually due to the weak sales of Huaxia Automobile.

More than a year ago, Ford's sales and earnings in China were not satisfactory.At that time, Ford's global sales volume was 573.4 million vehicles, a year-on-year decrease of 8.9%.Ford's sales in China fell by 36.9% year-on-year.Among them, Changan Ford's annual sales volume was 417 vehicles, a drop of 215%.In January of the following year, Ford's sales in China fell by 50% year-on-year.

It is understood that more than a year ago, the total production capacity of Changan Ford's five major factories was 5 million vehicles per year, and the first, second and third factories in Chongqing were about 160 million vehicles per year.The low sales volume has led to excess production capacity and huge inventory pressure.

These are data from more than a year ago, when Ford's stock was about $8.79 per share.At that time, General Motors stock was $39.5 per share.The gap is not so big!
In addition, a year ago, BYD Automobile Company, a subsidiary of the Galaxy Group, went on sale for new energy vehicles, which instantly took away the Chinese market, and a few months later, it seized the share of the international auto market.It made Ford Motor Company even worse.

"Ford should be on the verge of bankruptcy now." Xiao Jun said with a faint smile.

"It should be about to go bankrupt. It can't be saved at all. 5 cents a share of the company's stock!" Su Ci also nodded in agreement.From $8.9 per share to 5 cents per share, the collapse is indeed over!
"General Motors is better, but not much better." Xiao Jun looked at the stock market of General Motors, and now it is $3.4 per share!It has fallen from the original 36.9% to $3.4 per share, which is also quite miserable.

"Since Ford Motor Company is so cheap, go ahead and buy all the stock in the hands of retail investors! Also, General Motors stock can also be bought! 5 cents a share, 3.4 dollars a share, and so on If you don’t buy it if it’s cheap, you don’t buy it for nothing.” Xiao Jun resigned to Su.

"You, do you want to acquire these two car companies?" Su Ci asked curiously.If not, the shares of the subsidiary will be rotten to the bottom, and it is not worth buying at all.

"That's what I mean, but there's no rush. Now I'll buy the shares of retail investors outside their companies, or the shares of those financial companies for stock trading. When the situation gets worse, we will sell again, and then we can negotiate a low price!" Xiao Jun said.

"Okay, I'll arrange it now." Su Ci said softly.

"Wait, in the steel industry and new material industry, if you find that the stock market of those large companies is in a downturn and it is worth selling, you can also buy peripheral stocks first." Xiao Jun said.

"Mr. Xiao, do you mean that even the steel industry and the new material industry are needed?"

"Well, the iron and steel industry and the new material industry are industries that our China is not doing very well at present. Taking advantage of this opportunity, it is also time to madly acquire a batch of companies in these two industries." The plan in Xiao Jun's mind has long been Well thought out.

"Ok."

…………

On this day, the stock market in the U.S. and the auto industry is still close to collapse.

Countless retail investors and financial companies wanted to sell their auto stocks, but no one took them.

Only selling, no buying!
It's been going on for over a month now!

Especially Ford Motor Company, which is even more bleak, at 5 cents a share, these stocks in the hands of retail investors are too lazy to sell. At 5 cents a share, I feel a headache when I look at this price.

However, this afternoon, a buyer suddenly began to buy a large number of Ford Motor Company's auto stocks!
As soon as the news came out, it instantly detonated the entire auto stock market circle.

"Fake, finally there is a receiver who bought these stocks, five cents is five cents, and you can get a little money if you sell it!" A retail investor thought to himself, he has a total of [-] shares in hand!

"Heaven, earth, there is finally a taker! Hurry up and line up to sell, in case people only charge a part of it, it will be bad if they can't get in line!"

"Sell, sell, sell!"

"Hurry up and inform uncle!"

In an instant, countless retail investors and financial companies who held shares of Ford Motor Company took action one after another, scrambling to be the first, for fear of being slow.

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(End of this chapter)