Silicon Valley

Vol 2 Chapter 665: 1 foot horizontally

General Motors, Board of Directors.

The faces of everyone present were more serious. Chairman Caspar Berkeley was silent for a while, and said: “Due to the financial crisis and the development difficulties faced by General Motors, General Motors originally planned to merge with Chrysler Automobiles, and we have already merged with Chrysler Motors. Chrysler’s owner, Thurborough, had in-depth discussions on the matter and reached an oral agreement. However, at the beginning of July, due to the cash liquidity problems faced by General Motors, the merger had to be announced!"

Caspar Berkeley sighed slightly, and continued: "The global financial crisis is approaching, resulting in an extreme decline in sales and losses every quarter. At present, GM’s capital chain is almost broken, and the situation is very dangerous. Major banks and investment institutions are reluctant to lend to us. For the current plan, they can only turn to the U.S. government for help!"

Everyone nodded helplessly, it seems that there is no other way except this way.

It's just that the financial crisis in this life is much more serious than in the previous life. The US government has spent a lot of capital reserves, and the rescue operation has failed. Although the US government still has some money, the money must be used in all walks of life. Among them, the money that can be allocated to General Motors is certainly pitiful. At present, the global financial crisis is still going on, and it is getting more and more serious. General Motors may not be able to survive to the end!

Bang bang bang!

At this time, there was a knock on the door. Then, a capable white-collar female secretary walked in.

She walked straight to Caspar Berkeley, then leaned down and whispered in his ear: "Mr. Caspar Berkeley, Tesla just called and said that it wants to buy General Motors! Tesla is willing to At a price of US$12 per share, a total of US$20 billion will be a wholly-owned acquisition of General Motors!"

Caspar Berkeley's face changed, and he frowned.

Not two years after the founding of Tesla, did it want to annex General Motors? ! Caspar Berkeley felt a little unwilling. At this moment, everyone in the conference room was watching him, and when he saw his expression suddenly changed, I felt curious and nervous.

Caspar Berkeley stared at the crowd, and said solemnly: "Tesla has not been long since its establishment, and I have a big appetite. I want to'snake the elephant' to acquire General Motors for US$20 billion!!"

After Caspar Berkeley finished speaking, the meeting room was in an uproar.

Immediately someone scolded: "This is clearly taking advantage of the fire, we can't agree!"

"Yes, before the global financial crisis, the market value of General Motors was close to 50 billion U.S. dollars, and we could not accept the purchase price of 20 billion U.S. dollars. This is an insult to General Motors and at the same time seriously damages the interests of our shareholders!!! "A man in his thirties said angrily.

"General Motors is almost desperate. Now that we have a life-saving herb, we should catch it in time! We can try to contact Tesla and ask them to increase the purchase price. Preferably, two The company merged." An old man wearing a suit and white temples said slowly, his voice was full of breath, and his body looked quite tough. He smiled and said: "Tesla has a boundless future. If we can use this opportunity to acquire shares in Tesla, it will be a profit for us!"

When the old man finished speaking, everyone nodded.

"Mr. Carl Jonah is right..."

"Just do as Mr. Carl Jonah said!"

After the meeting, General Motors immediately replied to Tesla. The next day, the two parties began negotiations.

General Motors hopes to increase the purchase price, the two companies merge!

Of course Henry was reluctant, and insisted on spending money to buy General Motors. General Motors is a traditional automobile company, and even a little bit of decline, it was slammed by RB and German automobile companies, while Tesla's Chaoyang Enterprise is booming and has endless potential!

Ever since, the negotiations between the two sides have reached a deadlock.

It didn't take long before another major American car company was about to "hiccup."

This company is not another company, but the Chrysler Automobile Company with which General Motors initially planned to merge. As one of the three major US automobile companies, Chrysler Motors is also very strong. However, during this financial crisis, its subsidiary Chrysler Financial Investment Company was very "cheating" and invested heavily in subprime mortgage bonds. And the US government's loans are just a drop in the bucket, and it's not enough. At this time, the stock market was full of blood and blood. A large number of short positions caused the US government to be devastated and had to use most of the funds to rescue the market! Otherwise, more companies will go bankrupt!

Chrysler Automobiles has long known that General Motors is negotiating with Tesla.

Chrysler Automobile Board of Directors.

The first person said: "According to the news we heard, General Motors asked Tesla to increase the acquisition price to 30 billion U.S. dollars, and also asked Tesla to pay 20 billion U.S. dollars in cash and 10 billion U.S. dollars worth of stocks. In response to this situation, Chrysler Motors can lower its requirements and strive to reach a cooperative relationship with Tesla!"

As a result, Chrysler Automobiles plugged in a cylinder and put forward better conditions than General Motors.

When Henry heard the news ~www.readwn.com~ couldn't help but laugh. Don't think about it, Henry could also know how irritable the people at General Motors would be at this moment!

"Chrysler Motors Company is deceiving too much!!!"

With a "bang", I saw General Motors Chairman Caspar Berkeley's office furious and slapped his desk hard.

"Before, we planned to merge with Chrysler Automobiles, but because our company had cash liquidity problems, we kicked us away. Now we actually stole the content of our negotiations with Tesla and took the opportunity to intervene. It’s hateful!!!” Caspar Berkeley was angry for a while, and soon calmed down, knowing that business competition is cruel, and Chrysler Motors’ doing so is understandable. Immediately, Caspar Berkeley ordered the female secretary to immediately notify the company's directors to convene a board of directors!

He said: "Tesla is the first company to find us, General Motors, and we must not let Chrysler Motors take the lead!!!"

"Yes!" The female secretary responded and hurriedly walked out.

(To be continued.) Enable new URL

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