If you cheat, money will follow

After seeing the three people off, Zeng Xi and Chang Le chatted about negotiations with the Schaeffler Group.

"Boss, the latest news is that the German regulatory authorities are very fast this time and have approved the agreement between us. It is estimated that the Schaeffler Group will announce it to the public in the next few days."

"It's very fast this time."

"We have to hurry. Schaeffler Group is under great debt pressure. Failure to handle it will lead to a series of bad chain reactions. Our investment in Porsche and subsequent stance have been officially confirmed." Zeng Xi said.

"Then we should prepare and go to Pengcheng in a few days." Chang Le said.

"Okay, will you go in person this time?" Zeng Xi asked.

"We should go. After all, he is a respectable and admirable old man. It would be impolite to hide behind his back and not show his face." Chang Le said.

"Okay, then I will contact them and suggest that the founder of the other party also attend in person." Zeng Xi said.

In early March, Schaeffler Group and the Schaeffler family jointly announced that they would exchange 3% of the shares of Schaeffler Group and 20% of Continental Group for an investment of 20 billion euros from Leda Investment Company.

This fund will be used to repay credit borrowings and directly reduce debt to a manageable size.

"At present, we have completed the signing of the agreement and passed the approval of the relevant departments, and the follow-up work is being connected and advanced in an orderly manner. This shows that the debt of Schaeffler Group is under control." Schaeffler Group spokesperson said at a press conference indicated above.

Some media asked: "Is Schaeffler Group not worried about Leda Investment Company intervening in the company's operations and management? 20% of the shares are enough to influence some decisions."

The spokesperson said: "In the past few months, the group company was deeply under debt pressure. We thought of many ways and asked for help everywhere, but no one helped us. We contacted Mr. Wolfgang and contacted Leda Investment through him. Fortunately, It was Leda Investment Company that extended a helping hand. We would like to express our heartfelt gratitude and sincere respect to Leda Investment for its help..."

"As for the question you raised, it has no basis and can even be suspected of being malicious. Because Mr. Wolfgang told us that Leda Investment Company is a sincere and great investment company. Before contacting and negotiating , the group company has also learned about some situations, so we also hold the same view."

After Loda Investment Company took a stake in Porsche, it sent representatives to Porsche's supervisory board instead of the board of directors.

The representative is Xiang Ying, a 25-year-old girl who has just graduated with a master's degree.

The main reason why I chose her is that she is as simple as a blank sheet of paper, and she graduated with a major in German and has excellent professional skills.

After Xiang Ying joined the Porsche Supervisory Board, she fully complied with the company's requirements, adhered to the principle of consistency, and advanced and retreated at the same pace as Wolfgang, a proper hand-raising machine.

So, for several months, Wolfgang was very satisfied.

However, there are also headaches for him.

Xiang Ying goes to work and gets off work on time every day.

The place where she hangs out most often is Porsche's non-confidential R&D center, where she communicates and talks with various R&D engineers.

It seems that they are humbly asking for advice and learning business, but in fact they are trying to build closer relationships and persuade and recruit people.

In the few months since joining Porsche, through Xiang Ying's ideological work, more than 20 engineers, mainly Chinese, have left Porsche and gone to Leda Automobile.

This kind of aboveboard poaching left Wolfgang helpless. After all, the agreement clearly stipulated it.

Fortunately, the scale of more than 20 people is really small compared to Porsche's R&D scale of more than 5000 people. It does not affect the fundamentals and can be recruited later.

Another reporter asked: "Does the entry of Leda Investment mean that Schaeffler Group's previous strategic plan has failed?"

Schaeffler Group originally wanted to completely annex (merge) Continental Group, thereby surpassing Bosch Group and becoming the world's largest auto parts supplier.

The entry of Leda Investment basically declared the failure of Schaeffler Group's plan.

The spokesperson answered this question very frankly: "The Schaeffler Group unanimously believes that the acquisition of Continental was a serious mistake. We did not expect that the financial crisis would be so serious. We regret it. Fortunately, the current outcome is not too bad. …”

"Not only have we increased our stake in Continental to cooperate more closely with each other, but the new investment partners have given the group company new market sources..."

"We have signed a series of cooperation agreements with Leda Investment Company, which includes power research and development, product supply, etc., which is crucial for the group company to smoothly survive the financial crisis..."

A reporter asked again: "Can you talk about the specific cooperation content with Leda Investment Company?"

"We're sorry, but this is a commercial secret and we have no comment," the spokesman said.

We couldn't get a more detailed answer from Schaeffler Group. After all, Schaeffler Group is a private company and an unlisted company, so the reporter turned to Continental.

Continental said: "This impure, unfriendly or even hostile acquisition by Schaeffler Group is full of hostility and uncertainty. We have long stated that accepting such an acquisition is meaningless to Continental. We Its sales volume is three times that of Schaeffler.”

"Yes, we also participated in the negotiations... Before the negotiation process started, Leda Investment Company took the initiative to invite us to join the negotiations, consult us and form a tripartite agreement. They are very sincere and they are real investors... …”

"The current outcome is what we hope to see. We welcome the investment of Leda Investment. Their arrival will not only help us withstand the sudden storm, but more importantly, we have reached many cooperation agreements between the two parties."

As for what cooperation agreement?

"A lot. Generally speaking, our two parties will conduct in-depth cooperation in research and development in various aspects such as automotive electronics, brake control, chassis steering, and power research and development, and provide product customization services."

The live situation of the Schaeffler Group's press conference was immediately reported back to China.

That night, Leda Investment once again made the headlines, with a broadcast duration of 15 seconds.

Subsequently, concentrated reports were also carried out at the provincial and municipal levels.

As a result, people who eat melons are indispensable for heated discussions on the Internet.

"Tsk, tsk, another 40 billion, or Euros. Who can bear such a large amount of investment at every turn?"

"Well, the supply chain is complete for Porsche's engines and gearboxes, Schaeffler's bearings, and Continental's electronic systems, braking systems, and chassis control systems, but not a single car has been built. It seems that Leda Automobile only needs to add more Just put some plastic parts, add a shell, decorate the interior and it’s ready for sale.”

"No, I doubt that the future Leda car will be a Porsche with a new body."

"Isn't that better? A civilian version of a Porsche. More people can afford it."

"Even the civilian version is not much cheaper, the cost is there. I am looking forward to whether Leda will join forces with Porsche to domestically produce all 718, Cayenne, BOXSTER and other models. I have already chosen the names, Leda· Porsche, how nice it sounds.”

"Objection! Firmly oppose it! The reason why a Porsche is a Porsche is because it is purely made in Germany, a domestically produced Porsche? Is that still a Porsche? I won't buy it anyway."

"SB upstairs, can you afford it? Why don't you know how to buy it? Even if it's made in China, it's not much cheaper."

"Picture (Porsche Key)"

"Picture (Rolls-Royce). A lighter costs 30 yuan. I also have Ferraris, Lamborghinis, and Bentleys here... Use a lighter to pretend to be a big-tailed wolf, and put away your ugly face of worshiping foreigners."

"I'm a fool...!"

"I... grass mud horse...!"

"I...bastard...mud horse!"

"My grass..."

"I……"

"Follow us downstairs and stay in formation."

Infinite looping.

After get off work this afternoon, Xiang Ying was humming a song and getting ready to get off work.

Wolfgang contacted Xiang Ying by phone and hoped that she would wait in the office for a while.

Xiang Ying put down her bag and thought about what Wolfgang was looking for at this time.

Is it inappropriate to poach people too harshly? Or is it inappropriate to blatantly poach people?

After a while, Wolfgang came, accompanied by an old blond man he had never seen before.

"Ms. Xiang, let me introduce to you. This is Reinhard, CEO of Infineon."