Crazy Entertainment System

Chapter 533 Turmoil

Subsequently, Longteng Auto's advertising campaign was fully launched.

Netizens have discovered that Longteng Auto has an exceptionally strong foundation.

"I'm completely impressed. This Longteng Auto is simply incredibly powerful. Its predecessor was composed of world-class automotive groups such as Daimler, Toyota, Honda, and Ford. I want to know when Chen Yu became so powerful? Didn't the governments of those countries scrutinize his acquisitions?!"

"Wow, that's awesome! Toyota, Honda, and Daimler are all here. Mercedes-Benz, a very famous luxury car brand in China, is a subsidiary of Daimler. How awesome is Longteng Auto? Most importantly, this company was founded by Chen Yu."

"That's truly amazing! Daimler is the world's largest commercial vehicle manufacturer, the world's second-largest luxury car manufacturer, and the second-largest truck manufacturer. And yet, Chen Yu acquired it so quietly. Speechless. Maybach, one of the world's most prestigious luxury cars, is his; Smart, a favorite among women, is his; AMG is his; Unimog is his; and Mercedes-Benz, with its extremely high market share in the luxury car market, is also his. Such an impressive company was taken over by Chen Yu without a sound. Who else can do that?!"

"If it were just Daimler, that would be one thing, but Toyota is currently the world's number one car manufacturer, and it's owned by the Japanese. How could they possibly sell it to Chen Yu? It's simply unbelievable. Have these governments lost their minds? I feel like today is April Fool's Day. This is all a hoax."

Some things won't be sold to you just because you have money; there's a lot more to it than meets the eye.

"Not just Toyota, but Honda too. Chen Yu has brought both of Japan's top automotive companies under his control. That's incredible, but reason tells me it's impossible because the Japanese government wouldn't agree to it."

"Then there's Ford. Yes, such a long-established car company has also been brought under Chen Yu's control. If that's true, then Longteng Auto will definitely be the world's number one automotive group, without a doubt!"

"That's true, I'll take it as a fact. But speaking of which, Chen Yu brought so much money! There's a lot of money in there!"

"Yes, any one of them is worth hundreds of billions of US dollars. Even if Chen Yu were a printing press, he couldn't print that many."

In an instant, Longteng Auto was thrust into the spotlight.

At this time, the countries where Toyota, Honda, Daimler, Ford and other automotive groups were located were like a million-ton atomic bomb dropped on a calm lake.

It exploded completely.

Countless citizens flocked to the headquarters or official websites of these companies to inquire whether this was true!

The whole world is watching this issue.

The old man was shocked when he heard the news!

"Wow, I thought getting involved with Daimler was already pretty impressive. After all, Chen Yu made a fortune during the economic crisis."

I didn't expect that so many of them would be acquired.

Especially those massive Japanese cars, they've all been taken down. I need to make a call and ask what's going on! The old man couldn't contain himself any longer and dialed Chen Yu's number.

"Chen Yu, tell me honestly, is Longteng Auto really assembled by behemoths like Daimler and Toyota?!" the old man asked directly.

"Strictly speaking, that's not the case. Although Longteng Auto was formed based on these groups, I only kept the most essential parts. Those parts with low technical content and those that were a waste of money and energy were all eliminated. So I got rid of all the parts that weren't very profitable, had low technical content, but were difficult to manage."

"Longteng Auto focuses on the best, and produces only the finest products. Moreover, Longteng Auto designs cars that are more advanced," Chen Yu explained.

Upon hearing this, the old man immediately understood that Chen Yu had cheated.

Even so, the other party won't easily agree!

Could it be that Chen Yu's team has made a move?!

“Okay, but you must establish the car manufacturing in our country!” the old man said.

"That's not up to me. After all, I'm a businessman, and the company isn't run by me alone. I can only guarantee that, under the same conditions, China will be the first choice!" Chen Yu didn't agree. He knew that since he had entrusted this matter to Huang Helou, there was no need to ask any more questions.

Of course, Chen Yu still wanted to acquire this land; the old man had previously given him several large plots of land!

"Nonsense! Let me tell you, Longteng Auto is obligated to provide at least 12 jobs for our country. I don't care about anything else. The government will give you the green light in terms of policy," the old man said.

"Grandpa, you're making things difficult for me. I think you'd better talk to Huang Helou, the current CEO of Longteng, about these things. Talking to me is useless. I can't directly interfere in these matters. After all, we made an agreement back then!" Chen Yu said with a wry smile.

"I don't care, this is your responsibility. I gave you several plots of land last time, you have to use them properly. Besides, doesn't Longteng Auto have new energy vehicles?! Also, the government has issued a policy that Longteng Auto doesn't have to pay the purchase tax, everything else is the same!" the old man said. He knew that Chen Yu was the type to not act until he saw a clear benefit, and if he wanted to get rid of him, he had to give him some food.

“Okay, I’ll talk to him!” Chen Yu said immediately. This purchase tax is quite substantial, which is a very good benefit for consumers.

"You rascal, but you need to be careful about the island nation, the United States, and Germany. They'll definitely take corresponding measures once they know these companies have been sold to you!" the old man warned.

"Don't worry, I've already made preparations!" Chen Yu said softly.

He knew that these countries would not easily allow these companies to be sold, and even if they were to be sold, they would only allow them to be sold to domestic companies, or at the very least, to companies in countries with similar technological levels.

Most importantly, China is absolutely not on their list!

Therefore, measures will definitely be taken to address this issue.

Toyota, Honda, Daimler and other groups held an emergency meeting.

The day after the controversy erupted, these companies finally issued a direct response. They had no choice but to respond, as the authorities had already intervened.

Toyota issued a statement saying, "The rumors circulating that Toyota Motor Corporation has been sold to Huaxia Longteng Automobile are not entirely true. Toyota remains Toyota; it has simply sold off a portion of its assets. Streamlining departments and the company structure is a normal part of the company's operations."

Honda issued a similar announcement, followed by Ford, Daimler and other companies releasing similar statements.

That is, "We did sell to Longteng Auto, but we only sold a part of the company, which was part of the business streamlining."