Geely's acquisition of Volvo, Tengzhong's acquisition of Hummer may face the same problem
The Tengzhong Mauma event will surely become one of the major events in 2009 in China. Tengzhong and Mauma have caused disagreement in the industry. Looking at these opinions, the opinions are far more degrading and less. Most of the opinions are not optimistic about Tengzhong and think that Tengzhong has bought a Hummer. This fuel-efficient model is a step backwards. In essence, we can see that Tengzhong and Ma bought the brand and technology of Hummer, not just Hummer’s existing models and products. If Tengzhong can really do this, then relying on Hummer’s technology, brand name and Tengzhong's understanding of the Chinese market, Tengzhong will soon be able to kill a bloody road from the Chinese SUV market. In the Chinese market with a Hummer plot, what kind of whirlwind Chinese Tengzhong version of the Hummer will roll up, and this kind of churn The editions of Hummer, Hummer, and Hummer will easily open up the international market and achieve a qualitative leap in Chinese SUV production. Chinese-made SUVs will enter the mainstream market for SUVs in the world. Therefore, Tengzhong Mauma is worthy of praise and affirmation from the original intention.
However, Tengzhong bought the horse and did not get outside recognition, even if the two sides have signed a cooperation agreement, the outside world has not stopped the questioning of Tengzhong, especially the relevant state ministries and commissions have not been approved to grab the Tengzhong neck. Why can't Tengzhong buy horses such good things without gaining recognition and support? In fact, it is very simple. The root cause lies in the institutional problems, because Tengzhong is only a private enterprise. Institutional congenital deficiencies determine the tempo of buying horses in Tengzhong. After that, Geely's purchase of Volvo has already surfaced. Will Geely, which has a greater impact than Tengzhong's buying horses, become the No. 2 in Tengzhong? When Hummer was killed today, isn't Volvo the next one to be killed?
According to previous reports, Geely is the only company that has obtained approval from the National Development and Reform Commission. However, it is understood that this permit is only limited to agreeing to Geely's participation in international mergers and acquisitions. It does not mean that Geely's acquisition can be successfully approved by the government. According to the current overseas investment management measures, overseas investment of US$100 million must be approved by relevant ministries and commissions of the State Council. Clearly, Geely's acquisition of Volvo will be more than US$100 million.
Since Geely has previously received approval from the National Development and Reform Commission, most of the shops are optimistic about Geely's acquisition. In reality, the right to negotiate is only the beginning. We cannot ignore that Geely is also a private enterprise, although it is also under the support and training of the country. The growth has grown, but this institutional deficiency is likely to become the invisible Geely's acquisition of the red line in the late, so while discussing Geely's ability to successfully merge with Volvo, we also hope to see Chinese companies successfully follow the market rules When the international brand is established, the systemic event of the Tengzhong Ma style is no longer staged. We do not want Geely to become the second Tengzhong. In all walks of life in the society, there have been many discussions about the idea of ​​“advancement of the country by the people,†and private enterprises have been attracting attention. I hope Geely will go all the way.