Crazy Entertainment System

Chapter 535 Potential Threat

As the incident unfolds, people understand that the ambiguous responses from the various car brands involved suggest that the technology being sold must be very core and advanced.

Therefore, they were more curious about what kind of car Longteng Auto would produce, given that it had gathered the technologies of so many excellent car companies.

Time flew by amidst the heated discussions, and before we knew it, it was June 6th, the day Longteng Auto was launched.

This time, Wang Yali did not accompany him; Chen Yu arrived at the press conference alone.

To Chen Yu's surprise, he saw Gao Feiyan here and couldn't help but smile bitterly. This Gao Feiyan really had a "desperate heart" for Longteng Auto!

"You're surprised to see me?!" Gao Feiyan said with a smile as she looked at Chen Yu.

"Yes and no!" Chen Yu said with a light smile.

"How so?!" Gao Feiyan asked with a smile.

"I didn't say much, but it's obvious you're still after Longteng Auto!" Chen Yu teased, glancing at Gao Feiyan.

"You're the one who's still up to no good!" Gao Feiyan rolled her eyes at Chen Yu and said irritably. This guy's words were really sarcastic. Still up to no good? Why don't you just die!

"Isn't that right?!" Chen Yu said, looking at Gao Feiyan with a playful smile.

"Yes, are you going to give it to me?!" Gao Feiyan rolled her eyes at Chen Yu, saying irritably.

"No way!" Chen Yu said, then laughed.

"Virtue!"

Gao Feiyan then said, "The commotion caused by Longteng this time is quite big. Officials from countries like the United States, Japan, and Germany are very angry."

"So what if they're angry?! They brought this on themselves. Daimler is a product of the economic crisis, the rest are all their own doing. There's a saying: 'Those who do evil will not live.'" Chen Yu said casually.

It would be a lie for Chen Yu to say he didn't care about the attitudes of these countries. If things really escalated, he would be the one who suffered. This was also the reason why Chen Yu arranged for Huanghelou to compromise in part. The construction of research institutes and factories was to shut these politicians up.

Otherwise, these guys would definitely stir up trouble.

"It seems you're very confident. Longteng Auto has a global industrial chain, especially its sales chain, which is incredibly complete. With the help of Toyota, Honda, Daimler, and Ford's sales chains, Longteng Auto's sales are not a problem. However, this time, those American conglomerates have hinted that they're going to target us!" Gao Feiyan teased Chen Yu before continuing.

Some of those last words were expressions of concern.

"Isn't this normal?! We've touched the interests of these capitalists, so they're bound to be unhappy. It's only a matter of time before they take action; it's just a matter of how they'll do it. You need to be careful; I'm worried he'll use his government connections to crack down on Crazy's various businesses in the US!" Chen Yu said.

"I've thought about that too, but we're not without people. In the United States, we support the governors of 12 states and 20 members of Congress."

No matter where we are, we need to have our own people within the government, otherwise we really can't get by. But these established conglomerates are established conglomerates. Do you think DuPont will come after us?! Gao Feiyan asked.

"How would I know? I'm not a god. But the DuPont family mainly deals in arms and doesn't have much interaction with us. They basically won't take action because there's not enough profit to go around unless we threaten their interests. Even if we did, it would only be mining. We do have some minerals in Africa, but it wouldn't affect DuPont. What I'm most worried about are Morgan, First Citibank, and the Merrill Lynch Group."

The Morgan family, one of the top ten financial groups in the United States, was formed in the late 19th and early 20th centuries and became a monopoly capital group that dominated the American economy.

Initially, they engaged in banking businesses such as investment and credit. They then expanded their influence into the financial sector and various economic sectors (such as steel, railways, and public utilities), gradually forming a monopolistic financial group. It's important to understand that as early as 1912, over 100 years ago, the Morgan group controlled 13 financial institutions with total assets of $3.04 billion.

You should know what $30 billion meant back then, even without me explaining.

Morgan began to dominate the American financial world at that time, and Wall Street financial bosses called Morgan & Co. "the banker's banker".

The future bank has already threatened its interests, so Morgan Bank will not sit idly by and will definitely sell. However, how it will do so is unknown; whether it will be through cooperation or a joint attack is still uncertain.

In the 30s, the Morgan financial group controlled more than 50% of the total assets of the major banks and corporations in the United States. In other words, this financial group controlled more than half of the US economy 70 years ago.

Despite the increasing competition among conglomerates, Morgan Stanley remains one of the world's largest multinational banks, with 10 subsidiaries and numerous branches domestically, as well as over 1000 correspondent banks. It also has branches or representative offices in approximately 20 major cities abroad and holds stakes in financial institutions in nearly 40 countries. Seeing Gao Feiyan's somewhat surprised expression, Chen Yu smiled.

"Aren't you surprised?!" Chen Yu asked with a smile.

Gao Feiyan nodded.

"You should be surprised. Let me tell you, the Morgan Group's business model involves massive stock trading and managing huge trust assets. It controls the equity of 37 foreign commercial banks, development banks, investment companies, and other enterprises. That's what makes the Morgan Group so terrifying. You have to understand the intricate relationships involved; there are so many things unknown to outsiders. Do you know how many forces are involved?!"

In addition to these, Morgan owned manufacturers such as Hanover Corporation, Bankers Trust Company of New York, Northwest Bank Corporation, Prudent Life Insurance Company, and New York Life Protection Company. In the industrial and mining sector, he owned major companies such as IBM, General Electric, ITT, U.S. Steel, and General Motors. In the utilities sector, he owned companies such as AT&T and Southern Company.

There's also the First Citibank consortium, whose power isn't much less than Morgan's. If Future Bank wants to expand further, it's destined to compete with these two consortia for market share, so Future Bank's days won't be easy.

The emergence of Longteng Auto will also seize a share of the US car market. Last time, I made several Japanese conglomerates look foolish and almost caused their collapse. But I don't have many options against these super conglomerates because their relationships are so complex and intricate. You never know how many hidden lines are lurking. The information I have is only information outside the core of these conglomerates; their core information never appears on the internet.” Chen Yu sighed and said.

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