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Man Accused Of Stealing Ford Trade Secret Works For Chinese Competitor BAIC

Agent009 submitted on 10/19/2009 Official Bell & Ross Timestamp: 12:15:04 PM

5 user comments | Category: New Cars | Source: | SOURCE: www.reuters.com

A Chinese national accused of stealing trade secrets from Ford Motor Co was employed by Beijing Automotive Industry Holding Corp (BAIC), China's fifth-biggest automaker, but was in the United States on personal leave when he was arrested, BAIC said Monday.

BAIC issued a statement saying the employee, named by U.S. prosecutors as Xiangdong Yu, had worked in BAIC's research division for 11 months before leaving on a personal trip to the United States in mid-October.

The state-run company, which has agreed a deal with supercar manufacturer Koenigsegg to help fund its purchase of General Motors' Swedish unit Saab, said it would continue to monitor the development of the incident.


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Man Accused Of Stealing Ford Trade Secret Works For Chinese Competitor BAIC

About the Author

Agent009

"If everything seems under control, you're just not going fast enough."

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User Comments

1UAW

A true auto spy!!!!

— 1UAW (View Profile)

Posted on 10/19/2009 2:38:53 PM | reply to this comment | Votes: 4   

WorldofLuxury

^lol
But seriously, this thing happens all the times. I'm not sure whether to be indifferent or against this issue. Although, I do wonder how dangerous this gets... like people getting beat up in Vegas for card counting (21 :P ) and even mafias?

— WorldofLuxury (View Profile)

Posted on 10/20/2009 3:22:45 AM | | Votes: 2   

Badgewhore

This is an insult to autospying. Who in their right mind would want to steal secrets from Ford unless they want to know how to make crappier cars?

— Badgewhore (View Profile)

Posted on 10/20/2009 2:40:36 PM | reply to this comment | Votes: 3   

Invisible

They wanted the patents on Ford's rear suspension used on their RWD Sporty Coupe!

— Invisible (View Profile)

Posted on 10/20/2009 2:53:07 PM | reply to this comment | Votes: 1   

thstone

Ford should be glad that the Chinese are copying their crappy designs. GM isn't even that stupid.

— thstone (View Profile)

Posted on 10/20/2009 5:18:17 PM | reply to this comment | Votes: 1   

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