The Fūtián Group had merely struggled back from the brink of collapse. Its biggest problem remained unresolved, and it still faced the threat of bankruptcy at any moment.
Its mid-to-high-end vehicles, which had once accounted for a huge share of the Fūtián Group's profits, had escaped their stagnant sales and severe losses, but their profits had dropped to the point of being nearly negligible.
For the Fūtián Group, this was undoubtedly a fatal blow, equivalent to cutting off one of its arms.
And although they had responded quickly and at least appeared to swiftly reverse the stagnation in sales, the Fūtián Group's stock had still been heavily affected and began to plunge.
In just a few days, it had fallen by more than 10%. With the Fūtián Group's market value exceeding 177 billion dollars, the wealth that had evaporated in those few days amounted to as much as 20 billion dollars!
Moreover, as time passed, the downward trend continued unabated, and future losses would only grow greater.
Profits from high-end vehicles had been almost completely cut off, while the stock market suffered repeated declines. The Fūtián Group had sustained devastating losses and was in an extremely unfavorable position. Under such circumstances, if it suffered another serious blow, it would very likely never recover and collapse completely.
And before the new model could be launched in the United States, trouble had already arrived.
During the previous crisis, the Fūtián Group had slashed the prices of all its high-end models in order to avoid the edge of S.H.I.E.L.D. Auto.
Although this had temporarily carried it through the bankruptcy crisis, it had dealt a heavy blow to the mid-range vehicle market. Other automakers' mid-range cars subsequently began cutting prices one after another, extending the impact into the upper tier of the low-end vehicle