When Barron sent people to negotiate with Volkswagen Group on the acquisition of Bentley, he finally understood Bi Ruide's thoughts...
It turned out that the other party proposed to Barron and his team that they would sell their Dresden factory in Germany as part of Bentley.
Well, this is very interesting. It turns out that he really regarded this purchase as a good opportunity to "get rid of a burden". While selling Bentley to himself, he also asked me to help him solve the problem of some of Volkswagen Group's employees in Germany.
Moreover, the Dresden factory, although relatively young, was built by Piech, Piech's predecessor, specifically for Volkswagen's high-end model "Phaeton".
The "Phaeton" is a luxury car that does not look like a luxury car at all and is well-known. However, its sales have been unsatisfactory since its launch. It seems that Bi Ruide is still preparing to start with the "Phaeton". According to the original time and space, the Phaeton can still last for a few more years before it is discontinued.
However, they were not wrong about one thing, that is, the Dresden factory was indeed responsible for the manufacture of some Bentley models. This was probably the reason why they could confidently ask Barron to buy the Dresden factory as part of Bentley.
So far, Bentley has three production plants, namely Cricklewood, Crewe and Dresden.
When Bentley was first established, their car factory was located in Cricklewood, England. However, after Bentley was acquired by Rolls-Royce, their car production was transferred to Crewe and the Cricklewood factory was sold.
Then Rolls-Royce Bentley, including the Crewe factory, was acquired by the Volkswagen Group. After they had no choice but to sell Rolls-Royce to BMW in 2003, Bentley and the Crewe factory remained in the Volkswagen Group.
Although German auto workers' salaries are the highest in the world, buying the Dresden factory is not a big deal. After all, Bentley is a luxury car brand and is not too sensitive to costs.
But we can help Bi Rui De solve the problem, but other conditions need to be discussed in detail, including the supply of some key components such as engines after the acquisition.
The original Rolls-Royce Bentley used Rolls-Royce automobile engines - in fact, Rolls-Royce and Rolls-Royce are the same word in English, but the translation is different. Rolls-Royce originally manufactured engines, and later split into Rolls-Royce Automobile Engines and Rolls-Royce Aviation Engines.
After Volkswagen acquired Bentley, up to now, Bentley has been using engines provided by Volkswagen and Audi. So if Barron acquires Bentley in the future, the supply of engines will also need to reach an agreement with the Volkswagen Group.
He doesn't want to be strangled in the supply of engines and other parts like Volkswagen did when it acquired Rolls-Royce.
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In the United States, Phelan O'Neill finally completed the acquisition of fund companies. He acquired two fund companies, both of which managed assets of less than 30 million US dollars.
One of them is a small fund company called Cornwall Capital, which was established just last year and currently has only three members. Baron specifically asked him to acquire it because this fund company appeared as a prototype in a later movie called "The Big Short" which was set against the backdrop of the subprime mortgage crisis.
In the original time and space, when the Black Swan Fund was established in 2005, it had only 110,000 US dollars in funds. In 2007, it had increased in value to 30 million US dollars. After the subprime mortgage crisis in 2008, it soared to 130 million, and it was also one of the beneficiaries of the subprime mortgage crisis.
After merging the personnel of these two small fund companies, still under the name of Black Swan Fund, they will begin preparing for the subprime mortgage crisis.
In fact, if they wanted to short sell, they would have had a lot of time, because John Paulson started short selling CDO bonds soon after, but suffered heavy losses in the early stages because CDO continued to rise until the end of 2006. It can be said that if the subprime mortgage crisis had come later, John Paulson would have definitely gone bankrupt.
But before that, the Black Swan Fund could still follow the trend and invest in a wave of American real estate-related companies and subprime loan bonds. Throughout 2006, the rise of these assets can be described as a raging fire.
As is often said, the landmark event of the outbreak of the subprime mortgage crisis was the bankruptcy of New Century Financial Corporation, the second largest subprime mortgage company in the United States, in 2007. However, before the bankruptcy of this company, its stock price still had a considerable increase from now on, and investing in it could also bring huge profits.
And if you are bolder and directly deleverage and speculate on subprime mortgage bonds CDO bonds, the profits you can get will be even more amazing - of course, you must be careful and start shorting before the subprime mortgage crisis.
Of course, after the Black Swan Fund acquired the two funds and merged them, its main task in the short term is to complete the integration and start raising funds under the leadership of Phelan O'Neill - the funds they managed before were not large, and a considerable part of them had been liquidated after the acquisition.
The funds currently managed by the Black Swan Fund mainly come from two "American Investment Companies", namely IC Capital and Blue Valley Capital. These two investment companies each invested US$50 million in the Black Swan Fund to start their initial positions.
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"The scenery here is really beautiful, dear."
"Well, owning an island here is indeed a nice place for vacation."
After watching the World Cup and leaving Germany, Barron took Bonnie to Italy.
They are now in Lake Maggiore, the second largest lake in Italy.
There are several small islands on Lake Maggiore, known as the Borromeo Islands. These islands all belong to the Borromeo family, an Italian noble family with a history of 600 years.
Because of their respective jobs, Barron and his wife Bonnie do not have many opportunities to travel together. Even their honeymoon after their marriage last year lasted less than ten days. After that, because Bonnie was pregnant, they only went to Australia to live together for two months.
Now that their son is being taken care of by the maids at home, this is a rare opportunity, and Barron plans to play with Bonnie for a while before going back.
This time they came to Italy at the invitation of the Borromeo family. During the World Cup in Germany, through Abramovich's introduction, Barron met some famous European families, including members of the Borromeo family. When the other party learned that Barron and Bonnie were going to Italy for a trip, they invited the couple to Lake Maggiore, the seat of the Borromeo family.