Chinese Autos in US by 2007?
From Yahoo News, quoting AFP:
DETROIT, United States (AFP) - General Motors Corp. and its major South Korean subsidiary have reached an out-of-court settlement with China's Chery Automobile Company Limited in an intellectual property dispute over the design of small vehicle, the automaker said.
"GM Daewoo Auto and Technology Company, General Motors Corporation and Chery Automobile Company have reached a settlement Agreement, which has resolved all disputes among GMDAT, GM and Chery. Hence all current lawsuits and related claims have been withdrawn," GM said in a statement.
Malcom Bricklin, Chery's American partner, said the agreement clears the way for a smoother introduction of the newly designed, Chinese-made vehicles in the US, starting in 2007.
Bet the only color they come in is red and the only direction they will turn is left.
So I guess they'll be on the NASCAR circuit, if no place else.
DETROIT, United States (AFP) - General Motors Corp. and its major South Korean subsidiary have reached an out-of-court settlement with China's Chery Automobile Company Limited in an intellectual property dispute over the design of small vehicle, the automaker said.
"GM Daewoo Auto and Technology Company, General Motors Corporation and Chery Automobile Company have reached a settlement Agreement, which has resolved all disputes among GMDAT, GM and Chery. Hence all current lawsuits and related claims have been withdrawn," GM said in a statement.
Malcom Bricklin, Chery's American partner, said the agreement clears the way for a smoother introduction of the newly designed, Chinese-made vehicles in the US, starting in 2007.
Bet the only color they come in is red and the only direction they will turn is left.
So I guess they'll be on the NASCAR circuit, if no place else.
posted by Yanni Znaio at
11/20/2005 03:30:00 PM
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