I, Yan Jiefang, will live to 2025 in this courtyard house.

However, this car factory is currently under the name of a state-owned enterprise. Although it is still operating at a loss, it is impossible for it to be wholly bought out by a private company.

At most, we can only have a joint venture with a controlling stake!

After being turned down many times, the young man came to the old man Yan Jiefang for help:

"Dad, I've got my eye on this car factory. Do you have any way of acquiring it?"

Yan Jiefang glanced at him and nodded:

"Okay, I'll take care of it for you."

Yan Xueyuan's face immediately lit up with joy:

"Dad is the most capable; nothing can stump you!"

Yan Jiefang shook his head helplessly and pointed to the office door:

"Alright, this should be done next month. If you don't have anything else to do, get out of here and go cultivate properly!"

Yan Xueyuan immediately raised his hand in salute:

"Got it! I'm off right now!"

After saying that, he ran away in a flash.

...

Under Yan Jiefang's efforts, the catalog of automobile manufacturers was updated and approved through negotiations, the State-owned Assets Supervision and Administration Commission, and the Ministry of Machinery Industry.

Dongfeng Group sold its light vehicle company as a whole to its third subsidiary.

This time, they adopted a debt-assumption takeover approach, which will cost approximately 1.55 million RMB, or about 1856 million USD.

The expenses for this money are mainly in three areas:

First, the equity transfer amounted to 2800 million RMB;

Secondly, it assumed RMB 8200 million in bank debt;

Third, there is a reserve fund of 4500 million RMB for employee resettlement.

There were actually quite a few people within Dongfeng Group who agreed that someone could take over this insolvent and continuously exploitative old factory.

This also greatly reduced the difficulty for Yan Jiefang in the acquisition.

Of course, although the acquisition was successful, there were still a lot of things to deal with at the factory.

First, the transformation of state-owned enterprises into private enterprises has caused considerable anxiety among many workers.

Some well-connected engineers, technicians, and skilled workers switched to other factories.

Yan Xueyuan was somewhat worried about the departure of these people, fearing that the loss of too many core personnel would prevent the factory from operating normally.

They both planned to offer each other higher salaries and better benefits to retain the other party, but Yan Jiefang intervened in time to stop them.

In addition, some people joined together to write a joint letter to file a complaint, stating that the sale of large areas of factory land and vehicle production qualifications to private individuals at low prices constitutes a loss of state-owned assets!

Furthermore, regarding public opinion, some financial media outlets may not be fully aware of the current situation regarding the sale of many state-owned assets, yet they dare to secretly manipulate public opinion.

If you haven't paid the full amount, just see if they approve your application!

Yan Jiefang was extremely disgusted by this.

Anyone who dares to distort the truth and tarnish public opinion will be made to understand why the flowers are so red!

At the same time, their company also promptly issued an announcement, publishing the total amount of the acquisition funds and details of each amount, as well as all the assessment reports on land, factory buildings, and vehicle production qualifications in newspapers and on television.

Detailed information can enlighten ordinary people and prevent too many people from being swayed by public opinion.

This approach satisfied many ordinary workers facing layoffs, who then demanded that their employers disclose relevant financial data.

They demand fair and just treatment.

Many business leaders and investors who originally intended to engage in underhanded tactics immediately felt that things had become much more complicated, and they truly loathed Yan Jiefang's company.

Since the company publicly disclosed the details of the acquisition funds, the previous workers' joint complaint about the cheap sale of the factory land and vehicle production qualifications naturally fell apart.

The company directly dealt with the workers and organizers who wrote these haphazard joint complaint letters in various ways, each with a different level of disciplinary action.

Organizers were directly dismissed and publicly notified.

The other workers who followed were quickly punished with various levels of penalties, such as demerits, major demerits, demotion, and reduction of benefits.

In addition to the above, Yan Xueyuan also began purchasing various advanced equipment from abroad through Hong Kong.

The goal is to eliminate all the old and outdated equipment in the factory.

The light vehicle company already has a national catalog of light trucks and small passenger cars, and is qualified to produce light trucks, pickups and off-road vehicles.

Therefore, various equipment related to these aspects is needed.

Examples include conventional stamping machines, high-precision multi-axis CNC stamping machines, spot welding robots, large laser cutting machines, high-precision testing and simulation equipment, painting equipment, high-precision material testing equipment, and vehicle assembly equipment.

But this is quite difficult.

Even if you overcome all difficulties to purchase advanced equipment and store it in warehouses in Hong Kong, there are still obstacles to transporting it to the mainland.

On New Year's Day, 1994, the "Interim Measures for the Administration of Import of Mechanical and Electrical Products" officially came into effect.

Automobile manufacturing equipment is classified as a specific electromechanical product. Even if they are joint ventures, they must first obtain approval and certification for the joint venture project, and the equipment list is attached to the joint venture contract.

Customs collects customs duties and value-added tax based on the joint venture approval document and the equipment list in the contract before releasing the goods.

The time and effort required to complete this process is considerable.

When Yan Jiefang asked the third brother if he needed a helping hand, the young man confidently replied:

"The joy of striving alongside others is boundless!"

Yan Jiefang immediately praised him:

"Great! That's the spirit we're looking for!"

Instead of being full of energy after receiving the praise, Yan Xueyuan slumped his shoulders:

"Everything else is fine, but there are a few things I still need your help with."

Yan Jiefang rolled his eyes at the kid:

"It's good to have self-awareness. So, tell me, what things do you need support for?"

Yan Xueyuan immediately took out a small notebook and read it aloud:

High-precision multi-axis CNC punching machine, multi-axis linkage CNC grinding machine

Large-scale multi-axis CNC forging and pressing equipment (CNC multi-directional die forging machine), high-precision CNC boring and milling machine,

High-precision CNC coordinate measuring machine (CMM), large-scale laser cutting, high-power laser welding complete sets of equipment,

Vehicle and powertrain simulation testing system hardware + supporting core software

Large precision stamping dies for vehicle exterior body panels, a complete automatic cathodic electrophoresis system, with a closed-loop reagent management system.

That's about it for environmental wind tunnel vehicle testing equipment.

"Dad, this shouldn't be too difficult for you, right? After all, you own a wafer fab!"

Hearing all this, Yan Jiefang was speechless: So you're just trying to fleece me, aren't you?

With these features, what car in the world right now couldn't be made?

Of course, this was no challenge for him, and he nodded:

"Put the list on the table and get out!"

Yan Xueyuan's face lit up with joy, and he immediately placed the notebook on the table:

"Okay, I'm leaving right away!"