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79.53% HARDY EMPIRE / Chapter 341: Chapter 341: Economic Rescuer

Bab 341: Chapter 341: Economic Rescuer

"Boss, the president of Toyota Motor wants to see you. He's waiting right outside the door," Hardy's assistant reported.

Hardy was puzzled. He wasn't directly involved in the acquisitions; that task was primarily managed by the consortiums. With 600 or 700 large companies available for acquisition, if they all came to him, he would be overwhelmed.

"Is there a specific reason for his visit?" Hardy asked.

"He mentioned that he wants to discuss the future of Japanese cars with you privately," the assistant replied.

Toyota Motor was a leading company in Japan in later years. Hardy considered this and decided to meet with him.

"Let him in," Hardy instructed.

The assistant left and soon returned with a middle-aged man. Hardy recognized him as Kiichiro Toyota, the head of Toyota Motor, whom he had met at the welcome party.

"Hello, Mr. Hardy. I hope I'm not intruding," Kiichiro Toyota said, bowing deeply.

Toyota, in his fifties and wearing glasses, was still energetic and enthusiastic.

"Please have a seat. I'm not directly handling the acquisitions—those are managed by the consortiums. If this is about the acquisition, you should discuss it with them," Hardy said.

Toyota sat on the sofa, maintaining a respectful posture, and explained, "Mr. Hardy, I'd like to give you an overview of Toyota and the current state of the Japanese automobile industry. I believe it might help you with your plans."

Hardy nodded, "Go ahead."

Toyota began by describing Toyota's history. The company initially operated as a textile business and sold it to the British Pratt company in 1929. They then ventured into the automobile industry, which, like the entire Japanese auto industry, began by imitating European and American models.

During World War II, Toyota received some orders but still fell behind other major Japanese auto companies in terms of production. After the war, Toyota faced penalties for its military-related activities, though it avoided being shut down.

Previously, giants like Mitsubishi, Isuzu, Nissan, and Subaru dominated the Japanese auto industry. These companies, being part of larger conglomerates, had significant resources. Many were seized by the US military, and the 300 Japanese military enterprises acquired by Hardy included several auto factories.

Toyota Kiichiro expressed concern that if American consortiums established car factories in Japan, Toyota would struggle to compete. Hardy's plan to focus on daily necessities and light industry further worried him, as it seemed Toyota would only serve as a support manufacturer for American factories.

Kiichiro Toyota proposed that if Toyota could merge with several other seized factories, it could quickly become Japan's largest car manufacturer. He offered 40% of Toyota's shares in exchange for $2 million and technical support.

Hardy considered the offer and replied, "Those factories have their own roles. As for Toyota, we weren't planning to retain it. However, if you agree to let other companies buy shares in Toyota and retain only 30% for your family, I can arrange $3 million in funding and an additional $3 million in low-interest loans. You would also gain access to advanced American manufacturing technology and production lines."

"Toyota must focus solely on car and van production and avoid any involvement in military-related categories."

"If you accept these conditions, discuss them with the delegation. They will handle the specifics. If not, you can operate independently."

Toyota Kiichiro, recognizing Hardy's firm stance, stood and bowed again.

"I will consider your proposal, Mr. Hardy."

Hardy had the assistant escort Kiichiro Toyota out and instructed him to inform the delegation of his decision.

The $3 million investment and low-interest loans were part of the $570 million aid fund Hardy had brought. This fund was intended for such purposes.

Hardy had empowered the delegation to offer American technology and support funds to Japanese companies accepting the consortiums' acquisition terms. This approach was a major incentive for many companies, which were struggling and in desperate need of funds, low-interest loans, and access to American technology.

The seven major consortiums' support made it clear to Japanese companies that compliance was preferable to resistance. The appeal of the financial aid and technology was strong.

In just over a month, the delegation had acquired more than 300 companies. Hardy issued $350 million in low-interest loans to these enterprises, helping them resume production and rehire laid-off workers. This revival of industry solved employment issues for hundreds of thousands.

The Japanese workforce, known for its diligence, quickly adapted, and factories began operating at full capacity. In contrast to the frequent strikes in American factories, Japanese workers worked hard to avoid being fired.

Hardy reestablished a shipping company in Japan, becoming the largest shipping entity there. He completed his global shipping network, and the factories in Japan began providing parts for American factories. These parts, excluding transportation costs, were much cheaper than those produced in the U.S.

As a result, Japanese companies experienced a significant turnaround. A Japanese newspaper published an article highlighting Hardy's impact, praising him as Japan's economic savior for the progress achieved in just fifty days.

MacArthur, stationed in Osaka, was displeased by the article. His previous praise from the Japanese seemed overshadowed by Hardy's acclaim, which irritated him.

"Economic savior? That's absurd. Without my military presence and previous efforts, he wouldn't have achieved such results," MacArthur muttered.

MacArthur was puzzled. Despite his efforts to contain the military factories, Hardy had barely interacted with him, instead focusing on acquiring Japanese companies. MacArthur had intended to offer Hardy a lower position to acknowledge his role and provide the factories, but Hardy's minimal contact left him in an awkward position.

MacArthur realized that Hardy's success, if it led to offense against the seven consortiums, could have repercussions for him. Yet, he was reluctant to seek out Hardy directly, fearing it would make him appear weak.

In the end, MacArthur found himself in a challenging situation, unsure how to navigate the evolving dynamics.


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