Chapter 454 454 Ford has survived and made a huge profit of 6.3 billion US dollars!

  This investment in Palantir was also financed through multiple funds under the Wang Venture Capital Foundation, which, like Facebook, diversified its holdings.

  After this financing, Wang Guanxi’s No. 1 Fund has 1.7 billion US dollars left.

  Then Crown Hee General Mark Zach and Peter Thiel served as directors of the Crown Charity Foundation.

  The two also readily accepted.

  Mark Zak asked: "Wang, Ford Motor Company, Macy’s, Fifth Third Bank, Huntington Bank, Silicon Valley Bank, East West Bank, Bank of Hawaii, Hawaiian Airlines, are you all controlled by charitable foundations?"

Wang Guanxi nodded: "Yes, I use charitable foundations to control these companies. In the future, the company's annual dividends will not need to pay tax, and the sale of stocks will not need to pay tax. The annual investment income of my charity foundation, There is no need to pay taxes. The total expenditure of 5% per year is enough. This 5% of expenditure can be used forever to pay for my private jet, private island construction, and foundation member expenses... In short, you can think of everything Yes, you can also pay salaries to your two directors, or donate gifts to Facebook employees'

Mark Zack laughed and said: "This is okay. In the future, Facebook can donate 10% of its profits to the Crown Charity Foundation. Then you can donate the money to Facebook. This can also avoid some taxes. Maybe you You can donate a little money to the Facebook company, and then we donate it back to the Crown Charity Foundation, so that your foundation can be tax-free, and my Facebook company can also deduct part of the tax."

  The crown smiled and said: "Okay, this is no problem."

   Peter Till could not help but said: "This foundation is only a game that rich people can play. With such high capital gains tax in the United States, the inheritance tax is too fucking."

To avoid inheritance tax, capital gains tax, and various taxes, the best way is to set up a charitable foundation. However, the operation cost of the foundation is high. It needs to hire lawyers and accountants to do all kinds of accounts, and it also needs to hire a variety of Operations team.

  In the United States, foundations can only be afforded by the rich.

  For example, a 100 million U.S. dollar foundation has an investment income of 5 million U.S. dollars last year. If it does not donate 5% of its total assets, it still has to pay taxes.

  Of course, if the foundation loses money, there is no need to pay taxes.

  However, many foundations in the United States will lose money if they do not operate well.

  Attorney fees, accountant fees, and various member expenses are not small.

  He didn’t get any foundation. Because of troubles, he once sold PayPal. He got a lot of money, but the U.S. Revenue Service collected a 20% capital gains tax.

  Wang Guanxi smiled and said: “Yes, rich people are eligible to play this foundation. The poor have no money and can’t pay much tax, but middle class people have to pay a lot of tax.”

Peter Thiel: "There is a strange phenomenon in the United States. The rich support high inheritance taxes. The higher the collection, the better. The poor people oppose the inheritance tax. As a result, the middle class has become a victim. The middle class has no money and can’t play. To transfer to a foundation, if you want to inherit wealth, you can only pay inheritance tax. My grandfather is a farmer. Because my father has no money and cannot pay the high inheritance tax, he had to borrow money to pay the inheritance tax and then sell the farm. ."

  "In the United States, only Americans need to pay taxes for stocks trading, and non-Americans do not need to pay taxes for stock trading to make money”

"God can't stand such a high inheritance tax and capital gains tax. The Inland Revenue Department should be abolished. There is no regulation in the U.S. Constitution that stipulates that the Inland Revenue Department is eligible to collect taxes. The United States has gone farther and farther away from God. "

  Peter Thiel personally hates high inheritance taxes and capital gains taxes, which are only aimed at the poor and middle class.

  The rich set up charitable foundations or offshore hedge funds without paying taxes at all.

  And the middle class in the United States, the poor can’t set up offshore hedge funds, offshore companies, make money in stocks, pay taxes, make money as a business, pay taxes, inherit wealth, and pay taxes.

  Makzak is an atheist, he said with a serious expression: "There is no so-called **** in this world, only death and taxes. Although I am a Jew, I am an atheist."

  Peter Thiel is a theist, a conservative and rightist group in the United States. He asked, "You are a Jew, so you don’t believe in the existence of the Creator?"

  Makzak is a liberal, leftist group in the United States, and he said: "I believe that there is a creator in this universe, but it is not the creator you think, as Nietzsche said in his book, God is dead!"

  Peter Thiel retorted: “God has always been there. Nietzsche’s God is dead, but it actually refers to the depravity of Europeans’ morality and deviance from God, just like the United States today.”

  The two immediately began to debate. This is a conflict of values ​​between American liberals and conservatives.

  Wang Guanxi said: "Okay, two people, let's discuss something else."

  Finally let the two people stop the debate.

   Then Wang Guanxi called to arrange for Ma Zi and the technicians to enter Palantir.

  This time, Wang Guanxi belonged to Palantir's partner, so Ma Tsai was arranged to serve as the director, vice president, and Ma Tsai’s little Ma Tsai to come in as senior code farmers.

  Technicians are transferred from Twitter and WhatsApp. For senior executives, they are transferred from Silicon Valley Bank. A sales department has also been set up.

  In the future, when the company goes public, Palantir has a market value of up to $80 billion, and Peter Thiel’s team may sell a lot of stocks.

  Wang Guanxi holds 33% of the equity. After several financings in the future, there should be more than 20% of the shares after the listing, and the value will exceed 16 billion US dollars.

  US$200 million has become US$16 billion, which is 80 times that of a very good investment.

Moreover, this company is also a unicorn big data company, which is among the top in the world. As a partner, Wang Guanxi also has the right to operate, holding 33% of the shares. These stocks include Class A shares and some Class B shares, with voting rights. The total is 25%.

  At the same time, Wang Guanxi asked the executives of Ford Motor Company, Macy’s, East West Bank, Silicon Valley Bank·Hawaiian Airlines, and Hawaiian Airlines to come to Palantir to discuss orders.

  On April 30th, Ford Motor Company CEO Alan Mulally came to San Francisco in person. After inspecting Palantir, he gave Palantir a big contract.

  In the future, Ford Motor Company will use Palantir's software to improve production efficiency and identify potential safety hazards.

  Peter Thiel was very excited: "Mr. Wang, Mr. Mulally, happy cooperation"

  Everyone shook hands, and then found a place to drink coffee.

  Because of Ford Motor Company's drastic reforms and layoffs, I finally took a sigh of relief. It did not go bankrupt and was saved.

  Chrysler, one of the three major US auto giants, finally went bankrupt.

  U.S. President Obama announced that Chrysler will officially go bankrupt on April 30, U.S. time. It will be taken over by the U.S. government and Fiat. Chrysler will file for bankruptcy protection in accordance with Chapter 11 bankruptcy procedures in the U.S. Bankruptcy Code.

  Chrysler will set up a new board of directors after its bankruptcy. Existing shareholders, including Daimler Group, are expected to lose their investment in the reorganization.

  At the same time, Chrysler officially announced the formation of a global strategic alliance with Italian Fiat.

  The agreement reached between the U.S. Auto Union and Chrysler stipulates that the U.S. Auto Union will eventually own 55% of Chrysler after the reorganization.

  Fiat will eventually hold a 35% stake in Chrysler after the reorganization, and the US government and Chrysler’s guaranteed lender will jointly hold the remaining 10%.

  The largest automobile company in the United States, General Motors is more likely to go bankrupt and reorganize

  When Chrysler fell, many people worried that the next turn was GM.

  General Motors announced a revised revitalization plan.

  According to this plan, the US government will become a major shareholder of GM, and GM will receive another $11.6 billion in federal bailouts.

The plan includes a debt-to-equity swap plan. GM will use a "debt-to-equity swap" to replace 27 billion U.S. dollars in outstanding bonds in order to obtain from the U.S. government that the company will cut 21,000 U.S. workers and sell distributors by the end of next year. Cut the network in half and gradually abandon the support of Pontiac and other auto brand projects.

  According to the “debt-to-equity swap” program, GM will request the federal government to hold more than 50% of its common stock to offset approximately US$10 billion in government aid loans.

  Request the American Federation of Auto Workers to convert at least 50% of the $20 billion medical insurance costs for retired employees that GM must pay from next year into common stock.

  If the federal government and the Auto Workers’ Federation both agree, they will hold a total of 89% of GM.

   Bond holders can hold a total of 10% of GM's equity through “debt-to-equity swap”. In addition, the "debt-to-equity swap" will also "extremely dilute" the shares of existing shareholders, and their shares will eventually shrink to 1%, which means that all common shares of General Motors will be lost.

  The three major U.S. auto companies, two auto companies died, and Ford Motor Company came alive, this is inseparable from Alan Mulally’s efforts to turn the tide.

  Now Ford Motor Company’s financial statements for the first quarter of 2009 are also released.

  Liabilities have been reduced from 236.8 billion U.S. dollars to 219.6 billion U.S. dollars.

   Assets have also been reduced to 203.1 billion US dollars.

  Now the net worth is negative $17.5 billion.

  However, in the first quarter of 2009, the film industry had revenue of US$24.39 billion and expenditure of US$25.817 billion, which was only a loss of US$1.427 billion!

  Loss is decreasing, Avery Mulally said: "BOSS, according to the current development, in the second quarter of 2009, Ford Motor Company will achieve profitability!"

  Continue to operate according to Ford Motor Company’s current model. He is confident that it will start to make a profit in the second quarter of 2009.

  It's not that the sales volume has skyrocketed, but that the cost has been drastically reduced.

  “At present, Ford Motor Company has sold the Volvo brand to get rid of this big baggage”

  Ford bought Volvo Car Company from Sweden's Volvo Group for US$6.45 billion in 1999. In 2000, Volvo car sales reached 422,100, a record high.

  However, with the spread of the global financial crisis in 2008, Volvo Car Corporation’s sales performance dropped sharply and suffered huge losses.

  This time Alan Mulally will directly sell the Volvo brand.

  Wang Guanxi nodded in satisfaction: "Very well, get rid of all those burdens. I hope to turn Ford Motor Company's assets into a positive number within three years."

  Although Ford Motor Company’s losses have been reduced a lot, the current Ford Motor Company’s assets are negative $17.5 billion, which is a bit large.

  Fortunately, the cash flow is also sufficient, so I don’t worry about not being able to repay the monthly loan.

  Ford Motor Company’s share price has risen to US$6 per share today. Wang Guanxi’s No. 1 Fund holds 1.5 billion Class A shares, valued at US$9 billion.

   2.7 billion U.S. dollars has become 9 billion U.S. dollars, and the book has a floating profit of 6.3 billion U.S. dollars, which is really cool.

  He intends to sell off these 1.5 billion Ford Motor Company Class A shares when Ford Motor Company’s assets become positive. It may not be a problem to make a $10 billion.

  At that time, just keep the Class B shares that occupy 3.3% of Ford Motor Company's stock price. This 3.3% of Class B shares have 40% of the voting rights, and the entire Ford Motor Company is still firmly in control of Wang Guanxi.

  Thinking of this, Wang Guanxi said: "Alan Mulally, you continue to work hard, leave it to you!"

  Ford Motor Company's ability to survive the economic crisis is entirely Alan Mulally's turn of the tide.

I have to say that Bill Ford has found a good professional manager.

  Wang Guanxi bought 40% of Ford Motor Company's control rights from Bill Ford at a high price, which is a big bargain.

  The Crown Charity Foundation holds 132 million Class B shares of Ford Motor Company, accounting for 3.3% of the shares. Each of these Class B shares has nearly 20 votes and controls 40% of the right to speak.

  The No. 1 Fund holds 1.5 billion shares of Ford Motor Company’s Class A shares, each with 1 vote and 23.2% of the right to speak.

  A total of 63.2% of Ford Motor Company’s right to speak!

  Wang Guanxi asked Alan Mulally to serve as the CEO while also serving as the chairman of the board. He made a big deal at Ford Motor Company and cut off the baggage that could be cut off.

"Yes, BOSS" Avery Mulally thought for a while and said: "I plan to move the Asia-Pacific headquarters to China Mainland, and then build a production line to produce auto parts for the head office and reduce costs. However, I need to continue to lay off employees and close the factory. Just keep the core production line in the U.S."

  In order to reduce costs, he plans to move a production line to China, and the factories in Mexico and North America will continue to be closed.

  The production of core technology and core components is located in the United States, and minor components and auto parts are directly packaged and transferred to other countries and regions.

Wang Guanxi nodded: “Go ahead and reduce the cost first. The most important thing is to reduce costs and improve the company’s competitiveness. If you want to move the company’s production line out, do it as soon as possible. We will not do it. Other car companies will do it"

  In fact, it is not just Ford Motor Company doing this. General Motors and Chrysler Motors will do the same after bankruptcy and reorganization in the future.

  Of course, all manufacturing companies in the United States are doing this, and most of their production lines are transferred out of the United States to avoid high labor costs.

  Be aware that labor costs in the United States are extremely high, making the company extremely expensive. General Motors has the best benefits, but it went bankrupt.

  In the future, Ford Motor Company, General Motors Company, and Chrysler Automobiles will basically move their lower-middle production lines out of the United States.

This has led to a series of unemployment and decline in the local auto industry. Just like Detroit, it is the largest city in Michigan in the United States. This city used to be a city with boundless scenery. The headquarters of the three major U.S. auto companies GM, Ford, and Chrysler gathered here. , Let the automobile manufacturing industry all over the world worship. However, on December 3, 2013, this once-prosperous automobile city officially declared bankruptcy, and it changed from the richest city in the United States to the poorest city in the United States.

  But there is no way. The labor costs in the United States are too high. In order to survive, to compete and increase profits, automobile companies have to move production lines to other countries and regions.

  Basically, the middle and low-end production lines of the entire American manufacturing industry have moved out of the United States.

  Most of the mid-to-low-end industrial demand in the United States is supplied by China, and China’s coastal labor costs are low, replacing the high costs in the United States.

  The future unemployment rate in the United States is extremely high, just like Detroit, which was once the most beautiful city, directly decayed into the poorest city, and became an empty city, a ghost city, with extremely high unemployment and a high crime rate.

  The city of Detroit is just a microcosm of a city in the United States.

  In the future, the toilet paper, screws, clothes, washing powder, and various industrial products and daily necessities used by Americans are all produced in the coastal areas of China.

From China’s huge industrial products, daily demand goods imports, and the huge trade deficit, we can see that the middle and low-end manufacturing industries in the United States have almost disappeared. This is driven by the general trend. If companies do not move their production lines away from the United States, they will not be able to compete with other companies and will be eliminated.

   is just the general trend of economic globalization.

  Alan Mulally nodded: "Good BOSS, I will act immediately!"

   Then he moved the specific factory away and said again, as well as the key areas for future car sales.

Wang Guanxi was very satisfied and began to discuss with Alan Mulally about the industrial layout of Ford Motor Company. At the same time, he also built an alliance, including the middle and lower reaches of the auto industry, and also moved out of the United States to reduce labor costs and increase The company's competitiveness, while reducing the price of cars, occupying a market share in the automotive industry, and maximizing profits while robbing the market.

  Know that Wang Guanxi and Alan Mulally’s plan is not only to move most of the Ford Motor Company’s production lines, but also include Ford Motor Company’s midstream and downstream suppliers.

  Everyone can reduce costs together.

  The long-term relocation location has also been planned, the Mexico area, and the coastal area of ​​China.

  However, Ford Motor Company and its suppliers moved the production line out, which also took away a lot of jobs.

  This huge industrial layout plan has also planted the bane of the future. The right-wing president of the United States will come to power in the future, forcing Ford Motor and its suppliers to move their production lines back to the United States, otherwise each vehicle will be subject to 30% tariffs.

But now Wang Guanxi and Alan Mulally are arranging ambitious plans to move away from the industry chain, cut labor costs, lower car prices, seize the market, and combat competitors such as General Motors and Toyota Motor Corporation. Tata Motors··

  At this time, Wang Guanxi spoke again: “The Tata Motors of the Tata Consortium of India is also entering the China mainland car market. Ford Motor Company had better grab their market share in China.”

  Now that Chrysler Automobiles is bankrupt, General Motors is also going bankrupt. That Ratan Tata and Saudi Prince Alwad have shorted the two auto companies, which must have made a lot of profits.

   And Ratan Tata previously claimed to acquire all of Ford Motor Company's brands, and even more presumably, Ford Motor Company will not survive this September.

  At that time, it will not only slap the Tata Consortium severely, but also **** the Tata Motor Company’s market in mainland China.

   "Yes, BOSS" Alan Mulally said.

  Thinking about it, he said again: "Boss, I plan to visit China in person"

  Currently, Ford Motor Company also has a branch in China, but the sales volume is not good. He plans to go there in person to get to know it personally.

  Wang Guanxi nodded: “Go, it’s better to build more production lines in China Mainland to produce auto parts”

  The cost of a worker in the United States requires several thousand dollars a month, while the labor cost in China is very low, and American manufacturing companies with a little brain will move their production lines to the coast of China.

   Thousands of US dollars, which is tens of thousands of RMB, and there are a series of costs.

  The cost of recruiting an auto worker in Shenzhen is very low.

  Just like Apple’s foundries are all in China, the assembled Apple mobile phones and Apple’s products sell well all over the world.

  The entire Apple company has made a lot of money, and its market value is the world's largest. The future will be as high as 2.4 trillion US dollars, which is more than 16 trillion yuan!

  The hundreds of billions of U.S. dollars earned by Apple have not been remitted back to the United States, nor have they set up factories in the United States.

In China’s coastal areas, the infrastructure is well built, with developed traffic, convenient transportation, low labor costs, and low transportation costs. Wang Guanxi thought about it and said, “Ford Motor Company’s production company can also be located in Shenzhen. It is very convenient to connect to Hong Kong. It is very cost-effective whether it is by air or by sea. Moreover, where the economy is developed, there are many middle-class, Ford Motor Company's price is not high, many middle-class, the bottom is also affordable."

  Ford Motor Company's minimum price is 90,000 yuan, and the high is 300,000 yuan. The extravagant one is about 500,000 yuan. In a rich place like Shenzhen market, most people can afford it.

  Thinking of this, Wang Guanxi said again: “Tata Motors also has a market in China’s mainland, and a unified price reduction will hit their market share.”

  In 2008, Ford signed an agreement with Tata of India (TATA), agreeing to sell the rights to use five brands including Land Rover, Jaguar, Rover, Daimler and Lanchester to Tata for US$2.65 billion.

  However, Ratan Tata also claimed that Chen had bought all the Ford Motor Company brands, which was arrogant.

   "Okay, BOSS" Alan Mulally nodded.

  (End of this chapter)