Chapter 577: Chapter 571: A Kind Of Capriciousness Is To Crush You With Money

The third trading day was rather quiet, with most of the attention shifting to Finn Lewis’s press conference. Many had already received insider information regarding the press conference, indicating that not only was the Virtual World Corporation, owned by Finn Lewis, involved, but also Flying Horse and Eldora companies were participating.

“Good morning everyone, we meet again. I feel like I have been in the spotlight a lot recently,” Finn Lewis stood on the podium of the press conference, looking at the sea of reporters below. He laughed lightly while speaking, eliciting a good-natured laughter from the reporters. Indeed, recent events revolved around Finn Lewis, making his media presence incredibly high.

“However, perhaps some entertainment industry celebrities might find me annoying,” Finn Lewis continued, chuckling. “Because I always seem to grab their headline news.” With this remark, the reporters burst into laughter again. However, some reporters couldn’t help but add in their minds; ‘annoying you? Nobody would dare to show that outright! Are you kidding? Even though Finn doesn’t mingle with the entertainment industry, if one were to offend him, the consequences would be dire, even if Finn didn’t react.’

Such economic and entertainment companies would most likely make you miserable. As for headline news, recent headlines definitely have nothing to do with the entertainment industry. Big events have been happening a lot lately, it seems impossible that it would be the entertainment industry’s turn.

“I believe that some well-informed reporters already know that this press conference is related to the automotive industry revolution. Strictly speaking, it doesn’t have a direct connection with the automotive industry revolution, but it will definitely have a significant influence on the structure of the automotive industry. All of you should be aware of a current phenomenon in Flame Nation that many people do not trust domestic car manufacturers when buying a car.”

“They always feel that cars imported from the Graham Kingdom are of higher quality, or have superior safety features. Although the automotive industry in Flame Nation did start later, it cannot be denied that the automotive industry is booming. My Goddess of Light car manufacturing factory, known to many domestically, is proof of that – a locally produced car.”

“You don’t have to disbelieve it, it really is a domestically produced car. The technology used is far beyond what my previously-acquired Flying Horse and HyperCraft brands could have achieved. I believe many people are aware of this. However, everyone also knows that the Goddess of Light cars are too expensive. Even the average affluent individual can’t afford them, only those with more money than they know what to do with can. But for ordinary people, these cars are too distant and aren’t meant to be a part of regular life.”

“With that being said, I’ve done everyone a favor. Just a few days ago, I visited the Graham Kingdom and reached an agreement with two famous brands, the Graham Kingdom Flying Horse Company, and the Graham Kingdom Bavarian Mechanical Manufacturing Factory which is commonly known in our nation as Eldora. According to the agreement, I will provide some technology to these two companies, then swap technology for shares, completely acquiring these two companies,” Finn Lewis said, pausing for a moment.

At first, the reporters below didn’t quite understand what was happening, but after a brief moment of shock, there was an uproar. If it wasn’t for the discipline maintained at Finn Lewis’s press conference, some reporters would probably jump up to ask questions right away.

With the acquisition of Flying Horse and Eldora, the faces of reporters who had some knowledge of the banking industry were filled with shock. What did this all mean? Those who didn’t understand the industry wouldn’t know. Eldora, an expert in car manufacturing for hundreds of years, is not the main concern. Flying Horse is different – it doesn’t just produce cars. Although Flying Horse is known for its cars, it also produces planes for the defense department of the Graham Kingdom, has manufactured tanks, armored vehicles, and is famous worldwide in the heavy truck industry – producing military trucks, civilian heavy-duty trucks, police trucks, and large passenger buses.

Although sales of these heavy trucks aren’t as high as regular cars, this indicates that Flying Horse is globally leading in engine and other heavy machinery fields. With Flying Horse entirely acquired by Finn Lewis, what would the military department of the Graham Kingdom do?

“Now, all domestic consumers don’t have to worry about not being able to afford Flying Horse and Eldora. Since Flying Horse and Eldora are now considered domestic companies, most of their car models will drop in price by around 30% in the domestic market. Last but not least, Flying Horse, Eldora, and the Goddess of Light car company of Virtual World Corporation will jointly establish an engine family, providing a series of engines for the three companies. These engines will adopt a unified architecture, greatly simplifying maintenance work.”

“Ultimately, Flying Horse and Eldora will increase investments into the production of fully electric cars in the next two to three years, promoting the process of electric cars. The graphene battery production factory that Virtual World Corporation has invested in building in the north has already completed its preliminary establishment. It is expected to be fully operational by the end of this year. The high-performance graphene batteries will allow electric cars to drive more than 1000 kilometers. This means that the era of new energy has arrived. In addition, we will work with domestic car manufacturers to conduct a revolution in the car industry. Even with electric cars possessing a driving range of over 1000 kilometers, car prices will not rise, but in fact, decrease.”

With Finn Lewis’s speech, the reporters below felt overwhelmed. However, some quick-thinking reporters instantly understood – Finn Lewis was swiftly using these two car companies to seize the domestic car market. Not to mention, the 30% decrease in price is an absolutely harsh move. The lowest price for a Flying Horse car is about 300,000. With a 30% decrease, the sale price will be 200,000.

This price would instantly knock out a huge part of Japanese-brand cars. Not to mention the adoption of many new technologies from the Goddess of Light cars. These new technologies would undoubtedly boost the competitiveness of Flying Horse and Eldora cars worldwide.