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12 Nov 2009 HEADLINE


Chinese Automaker SAIC Accused of Hybrid Technology Theft



Source: Korea Times/Korea
Class: SYNDICATED NEWS

SYNOPSIS: Despite indictment, Korean prosecutors have no plans to take legal action against Shanghai Automotive for illegal transfer of sensitive technical information.

State prosecutors said Wednesday a controversial transfer of technology for gasoline-electric hybrid cars to the China-based Shanghai Automotive Industry Corporation (SAIC) from Ssangyong Motor in Korea, owned by SAIC, in 2006 violated laws banning the transfer of sensitive information.

The Seoul Central District Prosecutors' Office indicted seven senior engineers at Ssangyong on charges of leaking technology essential to develop gasoline-electric hybrid cars.

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