v3 Chapter 1262： Tiangong Automobile Group Reinforces (2/2)
Like a grandson, Fujiwara Ichiro kept nodding respectfully in response, until the end of the phone was hung up, and he slumped into a chair as if he had taken his strength.
After a long time, he wiped a handful of secret sweat that appeared on his forehead, lifted up his strength and left the company.
About half an hour later.
Fujiwara Ichiro came to the residence of the Mitsui family again. When he got off the car, he happened to see Toyoda Shoichiro who was arriving at the same time. His expression kept changing. Finally, he thought of a key point and suddenly felt relieved.
”Fujiwara-kun, you are here too.”
Toyoda also saw Fujiwara Ichiro, he took the initiative to stop and wait for Fujiwara Ichiro, smiling and greeting.
The higher-ranking Toyoda Shoichiro took the initiative to greet him, and Fujiwara Ichiro hurriedly squeezed out a smile in response: ”Kun Toyota, hello, I also came here as soon as I received the call from the president.”
”Well, let's go, Mitsui-kun should have been waiting for a while.”
With that, Toyoda Shoichiro took Fujiwara Ichiro with him, and the latter took the initiative to fall behind by half.
Although Fujiwara Ichiro is the president of Nippon Steel, he is a professional manager after all.
Toyoda Shoichiro is different. He not only took over the responsibility of his father Kiichiro Toyota and became the president of the Toyota Group last year, but also took over the position of the head of the Toyota family. This is a real capital boss, second only to Mitsui in the Mitsui Consortium. Genta's second person!
Soon, the two came to the living room.
Genta Mitsui, who had been seated, stood up voluntarily and welcomed the arrival of Toyoda Shoichiro.
”Toyota-san, you are here, please sit down!”
”Fujiwara-kun, please sit down!”
Mitsui Genta's attitude towards the two was different, and he was obviously more cold towards Fujiwara Ichiro, and even his smile was much reduced.
Ichiro Fujiwara didn't dare to get angry, and sat down honestly, with his hands on his knees subconsciously, as if he was sitting downright.
...
Everyone is their own, and after a few simple greetings, they go straight to the topic.
The topic was impressively Jiuding Securities and Aichi Steel.
”Fujiwara-kun, talk about the situation of Aichi Steel.”
After being questioned by Genta Mitsui, Ichiro Fujiwara immediately replied: ”President, Aichi Steel's market value was relatively stable before the market was closed last Friday, fluctuating around 62 billion yen.”
”At present, our company holds 11.2% of the shares and Toyota Motor Corporation holds 6.4%. In addition, Mitsui Bank holds 2.1% and Mitsui & Co. holds 1.4%. Our total shareholding ratio here is 21.1%.”
In fact, this shareholding ratio has been continuously low, which can only be regarded as a general level.
After all, Aichi Steel was incorporated into Nippon Steel's camp later, and the process of acquisition was also very smooth. The reason is that the original shareholders of Aichi Steel wanted to board the ship of the Mitsui Consortium and bound Toyota Group and Mitsui & Co. , Solve product sales problems.
It is precisely because there is no need to worry about sales issues, so Aichi Steel is more able to settle down in a specific direction to specialize in research. From a crude steel smelting company that was originally the most basic, gradually upgrade the grade and be able to develop and produce high-quality Automobile steel and engine forgings have become important suppliers of Toyota Motor Corporation.
Because Aichi Steel's shareholders are very submissive, Nippon Steel has a very low shareholding ratio, but it can still dominate the operations of Aichi Steel.
In this case, Nippon Steel will naturally not spend too much money to increase its stake in Aichi Steel. With this money, Nippon Steel has long used it to improve its own heritage.
After listening, Mitsui Genta nodded slightly and looked at Toyoda Shoichiro, and said, ”Toyota-kun, what is your attitude here?”
Toyoda said without hesitation: ”Aichi Steel is already an extremely important supplier, and the quality of its products has always been very stable. Although it is not irreplaceable, if the supply is cut off, it will be very important for us. Influence, so my attitude is to spare the Aichi Steel Company.”
”For us, Aichi Steel is as important as Nippon Steel.”
Mitsui Gentoo understood what Toyoda Shoichiro meant. He looked down and asked again: ”Toyota-san, I don’t know how you are doing in car research and development on your side?”
”It's still relatively smooth. Our own R&D strength is very strong. The manufacturing of urban SUVs is not too difficult. According to the current R&D progress, it will take up to ten months before the finished car can be introduced to the market.”
”This speed is actually very fast. There is no way. The most time we spend is on design. We need to avoid Tiangong Automobile Group's patents as much as possible.”
”How effective is the containment of Tiangong Automobile Group?”
Genta Mitsui asked again.
As soon as this problem came up, Toyoda Shoichiro's face trembled. Obviously this problem was not so pleasant~ He shook his head slightly and said, “It’s not very smooth. It is very powerful, and the lack of steel and auto parts have temporarily found substitutes.”
”Several consortia in South Korea are vying to provide steel for the Tiangong Automobile Group.”
”As for auto parts, Tiangong Automobile Group spent 100 million U.S. dollars last month to acquire Federal-Mogul in Detroit, Michigan, USA, which greatly made up for its shortcomings.”
”FH is a veteran auto parts supplier founded in the last century. Although it was on the verge of bankruptcy because of the decline of Detroit, its products are not only complete in categories, but also of good quality. Our company still purchases Federal-Mogul’s brake pads, spark plugs and wiper blades.”
Speaking of this, Toyoda Shoichiro couldn't help shaking his head, obviously in a bad mood.
Tiangong Automobile Group has been regarded as a threatening competitor by him. For this reason, he has also spent a lot of effort to blockade. But the blockade process is so unsatisfactory. It is undoubtedly quite frustrating to sit and watch the opponents continue to strengthen.