Malcom Bricklin, who began a collaboration with Chery motors back in 2004 in an effort to help the Chinese automaker sell new cars in the U.S., is suing the automaker for a whopping amount of $14 billion. Bricklin’s company V Cars LLC (formerly Visionary Vehicles) filed the lawsuit against Chery and its partners, including Israel Corp.
Bricklin argues his venture provided Chery with business plans and ideas to enter the U.S. market, which Chery took and used after abandoning the deal with V Cars. The lawsuit also alleges upfront investments of $26 million were also made to Chery. The lawsuit is seeking $14 billion, which represents the potential profits V Cars feel it lost out on as a result of the deal falling through.
Finally, the lawsuit wants the government to impose injunctions that would keep Chery from selling vehicles based on the plans supplied by V Cars. The lawsuit was filed at the Federal District Court in Detroit recently.
Chinese automakers, Chery included, are already widely scorned for copying the exterior designs of other companies.
07/21, 2:18 PM
posted by:
ihustle
Who the F*ck is chery motors? I dont think chrysler has 14 billion and there more well known the “Chery motors”. Even if you win, good luck seeing that money
07/21, 2:20 PM
posted by:
bigdawg
LOL, Should of known better! Just what the U.S. needs is more imported goods from China. Go ahead and sue them, but I doubt you will ever see the $.
07/21, 2:34 PM
posted by:
HemiRoadRunner
Just pay him the 14 billion in rice. I know the chinese can swing that.
07/21, 2:39 PM
posted by:
howsmydriving
Gosh, Chery didn’t want to do a joint venture with Malcolm Bricklin? Go figure….
07/21, 2:42 PM
posted by:
livelyjay
I would have sued for eleventy gagillion dollars. The results would have been about the same.
07/21, 2:57 PM
posted by:
xyunya
I don’t believe you can copyright business plans and ideas. Every schmuck jumps into the mess called China expecting to make zillions of gazillions of dollars. We see how well it worked for everyone. Amazingly, no one learned any lessons.
07/21, 3:22 PM
posted by:
crackerhemi
Just get the money from where homoRetard gets his money from: his bff nicole.
http://www.myspace.com/hemiroadrunner
07/21, 3:45 PM
posted by:
A4
chery sucks ass any american that would consider one of these is a jackass
07/21, 4:22 PM
posted by:
mr.meanpants
Bricklin has failed at just about everything, except importing Subarus.
07/21, 5:22 PM
posted by:
DeansterTJ
First of all asshole Bricklin, if you’re seeking an injunction then you can’t sue for the amount Chery would have made importing the cars because they CAN’T IMPORT THE CARS AND MAKE THE PROFIT IN THE FIRST PLACE DOUCHEBAG.
Second of all, you’re a ****ing ****bag that deserves to get raped with a branch.
07/21, 9:32 PM
posted by:
Bremen_Koenigsegg
I like that last minute jab the author made to Chinese automakers. Great journalism. =P
07/21, 10:50 PM
posted by:
The Stig
He’s still a showman with a huge name in the industry and realizes the value of “the only bad press is no press at all.” However, he’d do best to gather a world-class team and win the X-prize or compete with Tesla rather than these far reaching and very risky endeavors. We all know the world needs (or wants) the electric equivalent of the VW Bug, priced reasonably and delivering what customers will buy in accordance with ever increasing safety regulations. Problem is that Bricklin will more than likely not be the one to deliver that.