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No Tech - Korea - Hyundai Blocks Tech Transfer to China
Seoul,Korea -The Car Connection(USA), by Peter Chang - 26 Oct. 2005: -- South Korea's top automaker Hyundai Motor said it has blocked a possible leak of its car-making technologies from one of its subcontractors in South Korea to Chinese carmakers... Hyundai Motor, which produces its cars in its plant in China along with its affiliate Kia Motors, said the technologies were for engines and durability... The action was taken after Hyundai Motor had found that one of its subcontractors had contacted Chinese automakers. After discovering the leak, all data related to the technologies was scrapped... South Korean carmakers including Hyundai Motor's affiliate Kia Motors are trying to prevent their auto-making technologies from being leaked to the fast-growing Chinese companies. Earlier this year, South Korea's third-largest car company, GM Daewoo, which produces its cars on a CKD basis in China, filed a lawsuit against Chinese car manufacturer Chery for alleged piracy of its popular Matiz minicar...
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