Research On Financial Risk Prevention And Control Of Volkswagen Group’s Merger And Acquisition Of GuoXuan High Tech

With the proposal of the policy of "carbon peaking and carbon neutralization",the strategy of traditional automobile enterprises to transform and produce new energy vehicles through mergers and acquisitions of new energy industries has become particularly important.More and more automobile enterprises have chosen the "walking on two legs" mode of fuel vehicles and new energy vehicles.In this context,many automobile enterprises have adopted the way of M &A in order to adapt to the new market environment.However,there are many financial risks in M &A,which directly affect the survival and development of enterprises.Therefore,enterprises must improve their awareness of risk prevention and control,take various means to identify financial risks in time,and then prevent and control financial risks to promote the smooth development of enterprise M & A activities.This paper uses the methods of literature research,case analysis and quantitative analysis to systematically study the financial risk of Volkswagen Group Co.,Ltd.(hereinafter referred to as Volkswagen)merging Guo Xuan High Tech Co.,Ltd.(hereinafter referred to as Guo Xuan High Tech),so as to prevent and control the financial risk faced by enterprises in M &A transactions and reduce the economic losses that may be brought to enterprises by M &A.Firstly,this paper expounds the background,research purpose and research significance of the topic.Secondly,on the basis of clarifying the research framework,this paper makes an in-depth study on the research status of M &a financial risk prevention and control at home and abroad in recent years,explains the relevant concepts involved in M &A and M &a financial risk,and introduces the relevant theoretical basis.Thirdly,through case analysis,Combined with the current situation of M &A and the motivation of M &A,this paper leads to the financial risk caused by M &A activities,identifies the financial risk of M &A,and recalculates the valuation of Guo Xuan high tech.Then,it focuses on the use of analytic hierarchy process and fuzzy comprehensive analysis to build a risk evaluation system,quantitatively evaluate the identified M &a financial risks,and test the risk evaluation results by using Z-value analysis method.The results show that the financial risk of Volkswagen’s acquisition of Guo Xuan high tech is at a high level,which is mainly caused by pricing risk and integration risk.Finally,through the financial risk evaluation results,the Enlightenment of effective prevention and control of M &a financial risk is obtained,including accurately evaluating the value of the target enterprise,selecting reasonable financing and payment methods,and improving the integration of all aspects.It is expected to provide reference for the subsequent M &A activities of Volkswagen and the M &a transformation of other traditional auto enterprises in the future.