There are three hidden dangers behind GAC’s happiness in Mitsubishi

After the marriage between Guangzhou Automobile and Mitsubishi, Guangzhou Automobile Co., Ltd. formed an industrial cluster centering on large-scale enterprises such as Guangzhou Automobile Changfeng, GAC GIO, GAC FIAT and GAC Mitsubishi, and GAC itself has become a relatively detached asset management company. From the perspective of total assets, the development of Guangzhou Automobile is exciting; but from the development point of view, the development of Guangzhou Automobile has many hidden concerns.

Concern One: Talent Crisis

The development of GAC is similar to SAIC Motor’s development in that year, and it has grown through continuous joint ventures. This is totally different from the growth process that most companies started from small workshops. Rapid growth through joint ventures is actually turning GAC into an asset management company.

As an asset management company like GAC, it should belong to the side connected with the capital market, while connected with the real economy - the automobile manufacturing plant, and it belongs to the company that lives between the two markets. It uses the strength of the real economy to compete in the capital market and capital markets. Strengthen the real economy. What is the predecessor of GAC? Without their own economies of scale, some are joint ventures, and they are newborns in the capital market.

Managing assets effectively is a matter of learning and requires a large number of people to support them. Doing a good job in the two markets complement each other and promote each other, but if it is not done well, it may become a drag on each other, and it will affect development. Guangzhou Automobile is growing at such a rapid rate. Where does the talent come from? How to ensure the sound operation of state-owned assets? The problem of talent is the most fundamental issue in the development of a company. Talents do not mean that I have recruited several college students, several graduate students, hired several capital operating experts, and most importantly, established a capital operation system. There are corresponding talents in each position of each system. Experts who are good at car development strategy research, who have knowledge of car manufacturing, but also have to do capital operation ... all kinds of talents are indispensable.

Hidden worry II: Problems caused by industrial clusters

As far as the development of large industries is concerned, the establishment of industrial clusters is very necessary. The establishment of an industrial cluster centered on automobiles in Guangdong Province is understandable. However, the problem is that Toyota, Honda, Nissan, Mitsubishi, and Fiat are all located in Guangdong, and the industrial cluster formed is the highest in the country, and it is also number one in the international community. The problem caused by excessive industrial clusters is that the fluctuation brings about the regional economy. The problem is very obvious.

Excessive industrial clusters account for a large proportion of local GDP. For example, once the fluctuation of the automobile market is caused by economic fluctuations, it will inevitably affect the production of industrial clusters, and the industry chain behind the entire automobile plant will be implicated. Today, there are 11 jobs in the upper reaches of every automobile industry worker in our automobile production plant. Therefore, the impact of this fluctuation will have a huge impact on the local economy both in terms of total economic output and employment. When the market is good, it will rush upwards, GDP will increase, and the leaders will be happy. However, if the economy goes down, it will inevitably have a negative effect on the growth of GDP, and even the tide of unemployment.

It is worth noting that the rapid growth of Guangzhou Automobile is in the latter part of the financial crisis. In the meantime, due to the financial crisis, Guangdong’s export trade has suffered a huge impact. The unemployment rate is very high and GDP has been significantly affected. At the same time, the rapid development of China's auto industry, local governments have increasingly enhanced their expectations for automobiles. As a result, Guangzhou Automobile has developed rapidly - joint ventures, mergers, reorganization, all methods are used, and finally formed today's Guangzhou Automobile, Guangdong Province may not be enough for Guangzhou Automobile.

With regard to the feelings of the Guangdong government, it can be understood that the export economy has brought GDP, but it has not formed an industrial base. The industry that can best form the basis of the industry is the automobile industry, and the economy without an industrial foundation is a firm economy. In addition, from the perspective of the employment characteristics of Guangdong after the reform and opening up, there has been a strong wave of migrant workers every year. Guangdong has not formed a talent base corresponding to GDP growth, and even has to face labor shortage every year. Therefore, it is necessary to use a huge industrial chain to solidify the flow of people. Automobiles are naturally the most ideal industrial chain. This is a bit of a kind of growth. When the economy goes down, the disadvantage is even greater.

Concern 3: Problems of International Relations

Looking at the composition of GAC's joint ventures, Guangdong has established an industry cluster based on Japanese cars. The industry cluster has a strong sensitivity to Sino-Japanese relations. The key to the success of industrial clusters is a stable environment. There is no stability. Can't talk about it.

However, from the shift in the position of the Chinese and Japanese economies in the world economy, the controversy over sovereignty over Diaoyu Islands, the hatred left over from World War II, the continued strengthening of Japanese military power, and the involvement of the US in the strategy and implementation of containment of China, these issues have affected China at all times. People, Japanese sensitive nerves. This national sentimental nerve is always tense, and it can have some positive significance for economic development.

Therefore, from a macro point of view, the development of Guangzhou Automobile still needs to be observed. It is not that the Chinese market does not have a share of Guangzhou Automobile, but the uncertainties faced by Guangzhou Automobile are relatively more.