Chapter 1121 - 383, Opponents in the automobile field
The predecessor of Cadillac was the Detroit Automobile Company, whose owner was actually the current owner of Ford Motor, Henry Ford. However, due to disagreements with two other investors at the time, Henry Ford decided to leave Cadillac Company and start his own Ford Motor.
At that time, Cadillac’s full name was Henry Ford Cadillac Company, but after being acquired by General Motors, Henry Ford was removed from the name, leaving only Cadillac!
As one of the many brands under General Motors, Cadillac is now positioned in the market as providing luxury cars!
This is actually the reason why Donnie wants Cadillac.
Although luxury cars appear to be high-end, in reality, regardless of the time period, the sales of luxury cars are never as good as regular cars. Ford Motor, now the top-selling in the U.S., is the best proof of this.
So Cadillac’s position within General Motors is not comparable to that of Buick.
Now Donnie is willing to exchange his shares in General Motors for the equity in Cadillac, which is attractive to Pierre DuPont.
Since Donnie entered into General Motors, Pierre DuPont has always worried that Donnie would have designs on General Motors. Although Donnie previously assured Pierre DuPont that as long as the DuPont Family is in General Motors, Venus Bank would not take action against General Motors.
But such assurance always places one’s fate in the hands of others, something Pierre DuPont certainly worries about!
Now that Donnie is willing to give up his shares in General Motors in exchange for shares in Cadillac, Pierre DuPont feels he can accept it.
