Malcolm - S1 [OST]
Entrepreneur Malcolm Bricklin, famous for Subaru of America establishing successful and notorious for bringing the Yugo Failed and private quality States, announced Monday that it has filed suit against Chinese automaker Chery Automobile Co. and certain of its subsidiaries and officials of corruption, theft of ideas and reconsider a contract to make him the north American exclusive distributor of Chery cars made in China.
Filed with the US District Court in Detroit, the suit stems from a so-called 2004 Agreement negotiated between the company Bricklin, then called Visionary Vehicles, LLC and now known as Cars, LLC and Chery to produce vehicles in China with as Bricklin cars exclusive importer and distributor in North America.
costume Bricklin says his company would have more than 14 billion over the agreement on the duration of the agreement that end, Bricklin said he has raised over 26 million before realizing Chery has not the intention to perform the contract and seeks to recover what high Bricklin money, a portion of future profits, and it would have its costs in the process.
Indeed, as Bricklin rightly argues, the case has attracted international attention and made Chery a household name in the U S.
However, Chery went supposedly behind the back of Bricklin and negotiated another agreement with DaimlerChrysler and the Israeli company Quantum LLC and its subsidiaries Chrysler says it continues to work with Chery on a vehicle jointly developed.
Filed in the US Racketeer Influenced and Corrupt Organizations Act, RICO, reserved mostly for cases involving a popular activity, the suit called Chery Chinese car company thugs Under the RICO laws, the suit claims Chery committed and agreed and conspired to commit, acts of tens of mail fraud and wire.
The continuation of the language is as colorful as advertising-dog Bricklin s.
Since its illegal creation under Chinese law, litigation costs, the operating modus Chery was looting in series Western technology and subvert the employees of both partners and competitors to obtain useful business information Throughout his short history, Chery and its management and others working in concert with it have systematically broken contractual obligations, stolen plans for vehicles, cars made by Western companies without paying for their rights and do business without the slightest intention of carrying them out, at the expense of virtually all of the company car and auto West who crossed the disabled: his way.
In fact, the trial of 72 pages added, continuing a pattern of lies and deception that marked his previous involvement with western companies, Chery used the large attention the announcement of the transaction made in the press Western and international, and plans and investment by Visionary Vehicles and its investors as a way to cut Visionary Vehicles and secretly make two other offers for North America.
In addition to Chery, the suit is also filed against Quantum and its entities, Chery CEO Yin Tongyao and Kan Lei, identified as a German citizen residing in China.
Chery is no stranger to lawsuits by American General Motors sued enteritis in Chery justice in China on the Chery QQ, a knock-off of the Chevrolet Spark, GM argued - unsuccessfully in Chinese courts.
The suit, AutoObserver sent to New York by the PR agency Bricklin apparently filed weekends U S District Court in Detroit by Bricklin Southfield, Mich lawyers.
AutoObserve r trying to reach Chery representatives for comment.
Michelle Krebs is editor AutoObserver monitoring chief on Twitter.
A little late in filing, M. Bricklin A simple Google search turns into 345,000 results for Daimler Chrysler Chery; February 27, 07 of which Article Michelle in AO Chrysler could be first with a Chinese car also built, expenses for the lawsuit decrying the underhanded villains they, Chery have always been- why M. Bricklin conclude an agreement with them in the first place, then.
You have to laugh at how some people gather there facts.
Take for example the commentary published by fulcrumb Bricklin started looking at China in 2004, and he stumbled on Chery unknown in the US plans to bring Chinese built cars was developed in 2004 Bricklin is a true visionary, he was also able to predict the trend of the automobile in the United States, there is no saint, if you take the time and read the filing of 72 pages, you will have a better understanding of what was going on under his perspective after the deposit they have reams of paper and electronic media that supports what they are going after.
As for you comments so why has there been an agreement with Chery, although we as a country can t compete with the Chinese There work rate is hundred US dollar decline ever so If we can not get the workers and trade unions US to rest that there is no point of having a union that fights for better wages and benefits if there is no company able to meet these demands.
I think the unions have to fight for the job, do the work back to the United States reasonable benefits etc. It is unfortunate that the US auto industry is stuck with existing unions thought, lets become a country that has proud of our products and the prices of our products accordingly.
Did you know that the Yugo was the most sold the fastest car, did you know that it has sold its fold Yugo before he had no control over Yugoslavia is.
I agree with you, mrauto39 he Malcolm Bricklin is not a saint.
The only part of the costume Bricklin I read, or care to, is in the article above but, for me, there is enough to indicate that the trial is questionable, if not frivolous My point was even a quick web search on the subject digs much data a good deal of which conflict with the extracts of the trial Your assertion that Bricklin started looking at China in 2004 helps make my point; within three years of about 04 with the announcement of DaimlerChrysler of their joint venture 07, nothing happened or surface to Bricklin suspicious LITTLE Curiously, DaimlerChrysler or Chrysler LLC aren t named in the lawsuit Bricklin at least not in the extracts above that is the only part that I read or care.
Malcolm Bricklin Sues Chinese partner Chery Automobile Chrysler, malcolm, Bricklin, chrysler.
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