What's wrong with me being a rich man?

Chapter 418 Pie
As of September 2013, in terms of global automaker revenue, Volkswagen Group ranked second, Renault was outside the top ten, but the Renault-Nissan-Mitsubishi alliance was enough to rank fourth.

Volkswagen and Renault, which hold a pivotal position in the global automotive industry, have been found to have committed serious emissions fraud.

This is a feast, a scandal, and an earthquake.

Yu Xing's hands-on testing did not stop with Toyota; he tested three more brands without any new findings before stopping.

However, Yu Xing, who was fast asleep in the early hours of the morning, was suddenly woken up and saw Liu Wanying's bright eyes. She had been tossing and turning for a long time without being able to sleep, her thoughts completely absorbed in this short-selling target.

Liu Wanying didn't want to wake Yu Xing, but she had a new goal in mind: "Nissan! Nissan wasn't tested today, no, it wasn't yesterday! We must test Nissan!"

Mitsubishi's fraud is confirmed, and Renault's fraud is also highly likely to be confirmed.

With two of the three car brands participating in this alliance, why wouldn't Nissan?

Liu Wanying's deduction is very logical.

"Hmm, okay." Yu Xing said sleepily.

“Not just Nissan, we can test every model on the market,” Liu Wanying said ambitiously. “Since we’re going to do it anyway, why not go all the way? Their fraudulent practices can be detected through real-world driving tests. We have enough time. In fact, we can stop after we’ve completed this short-selling operation that will make the world remember the name of this mountain!”

Yu Xing's sleepiness had subsided somewhat, and he rubbed his eyes and chuckled, "You still think Shanfeng isn't famous enough? Wasn't it back when the IRS investigated you?"

“It’s different,” Liu Wanying said thoughtfully. “Well, you should get Liu Jiankai out there doing something as soon as possible, that will make it even harder to trace the flow of funds.”

Yu Xing yawned: "Bitcoin has dropped in the last two months, and he's quieted down again. Let's wait for him to make his move. Anyway, nobody's in a hurry. More test data will take time, and you'll also need time to set up your funds."

Liu Wanying locked Yu Xing's outstretched hand, initially estimating that the operation would take place next year, and said with great interest: "If a few more companies are found to be involved, no, just Volkswagen and Renault now, it will shock the world. At that time, Guoshanfeng will announce that he will take responsibility for the short selling."

Yu Xing also became aroused at this moment, and said indistinctly, "Hmm, taking responsibility is good."

Overwhelmed by the attack, Liu Wanying couldn't spare any time to dwell on the shock and plan for yesterday's test results.

The next day, Yu Xingcai carefully considered Xiaoying's ideas and felt that she was quite decisive in adjusting the operation of funds.

“I think you’re quite perceptive about their methods of counterfeiting cars.” Liu Wanying didn’t seem proud. “I have a lot of experience with money, so I’ve thought about this a lot. You have experience in car manufacturing, so you can figure out their counterfeiting methods.”

Looking back at the test and the objectives, Yu Xing couldn't help but say, "This time, we really have a stake in the matter."

Silicon Carbon Group is working on new energy, and several well-known car companies have appeared on its target list.

If short selling is successful, in addition to pure capital, resources such as talent and technology are also very likely to be affected.

Liu Wanying smiled and reminded her, "You were already very interested in WeChat when you were working on it."

Yu Xing shook his head: "He didn't show up when we crossed the mountain peak."

When the company shorted Penguin, it quietly reaped profits without issuing a short-selling report.

“Then you’re even better.” Liu Wanying rarely offered “guidance,” and said with a hint of smugness, “Carbon Silicon Group should spend money where it’s needed. Don’t be stingy with small amounts of money. You’re not a timid entrepreneur begging for venture capital; you’re the one who shorts Tencent, hunts down car companies, and stares down listed companies like the mountain peak!”

Yu Xing was both amused and exasperated, but for listed companies of Renault and Volkswagen's size to engage in such fraud would inevitably face multi-dimensional scrutiny from regulators, the stock market, and the general market. He said, "Okay, Mr. Liu is right. Transfer the funds to me now."

Liu Wanying flatly refused: "Not now, I can't transfer it to you. You still have to transfer your money back to me. The more principal you have, the more profit you'll make!"

This is obviously a joke, but the accumulation of capital is indeed a problem. The market value of Volkswagen alone far exceeds the total value of all the companies shorted by Shanfeng in the past few years, which makes it worthwhile for Silicon Carbon Group to tighten its grip again in the short term.

Yu Xing shrugged: "You think I should spend this much? Money is better off not being in my pocket, so I have to restrain myself. You're like Sang Biao when you go out, but I'm still like Da Huang when I'm at home."

However, even though he said that, he couldn't help but make a few phone calls by evening.

The first phone call was to Du Yaojie of the Lijing Group.

After exchanging a few pleasantries, Yu Xing took the initiative to ask, "President Du, is our current R&D budget sufficient? If not, we can add more. Our first priority is to get the die-casting machine up and running."

LK has already formed a joint venture with Silicon Carbon, but as someone in the know, this kind of project delay and temporary price increase is not something to be happy about.

When Du Yaojie heard President Yu ask him this question, he immediately felt that it might be sarcasm or a way of putting pressure on him.

He immediately replied, "Enough, enough!"

Moreover, Du Yaojie firmly stated that the project's development would definitely succeed.

Yu Xingqing reiterated sincerely that the R&D budget could be increased, and also mentioned the smooth progress of the Silicon Carbon Group's Series B financing.

When Du Yaojie heard President Yu mention financing, his answer was even more resolute, almost to the point of swearing an oath.

After ending the call, he couldn't help but sigh to his secretary, "It's not easy for anyone to get funding. Sigh, it must be tough for President Yu."

Yu Xing's enthusiasm for spending money was dampened, and he hesitated for a while before making a second call. This time, he called Su Yongqiang of Zhibo and asked about the budget for this year's research and development in a more amiable tone.

Su Yongqiang replied repeatedly, "That's enough, that's enough, absolutely enough!"

Yu Xing said unwillingly, "President Su, I'm not trying to rush you. What I mean is, if you have more needs in the budget, you can raise them. The group has ample funds."

“Mr. Yu, if that’s the case, then we might need more funds next year, but we definitely have enough this year.” Su Yongqiang had no intention of asking for more money.

Yu Xing reluctantly ended the call: "Fine, let me know if you need anything."

After ending the call and finishing his work, Su Yongqiang mentioned the phone call from the big boss to the vice president and also shared his judgment.

The vice president was a little doubtful: "Could it be that President Yu really wants to allocate funds?"

Su Yongqiang smiled and shook his head, trusting his own judgment. No, judging from his tone, President Yu wasn't usually that amiable.

Does a pie really fall from the sky?
Don't be foolish. Do your job properly, don't ask for too much or too little money. That's the way to long-term success.

(End of this chapter)