Wednesday, October 21, 2009

IPR Challenges in Geely-Ford Talks About Volvo

Keith Naughton and Cathy Chan wrote about the effort of Geely to buy Volvo of Ford jeopardized because of intellectual property rights related challenges, read the Reuters article here.

The struggle about IPRs comes in the wake of "the FBI’s Oct. 14 arrest of former Ford engineer Xiang Dong Yu, 47, who was charged with stealing trade secrets from Ford in an effort to get a job with a Chinese car company."

Xiang Dong Yu, worked at Ford from 1997 to 2007, according to the U.S. Justice Department and "is is charged with stealing more than 4,000 Ford documents and using them to seek employment with Shanghai Automotive Industry Corp., according to the U.S. indictment. He eventually was hired by Beijing Automotive Corp. in China, according to the indictment."

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