| Author: | Elkind, P. |
| Title: | The GM-VW battle: Blood feud |
| Journal: | Fortune
1997 : APR, VOL. 135:7, p. 24-33 |
| Index terms: | CAR INDUSTRY INDUSTRIAL ESPIONAGE INDUSTRIAL RELATIONS |
| Language: | eng |
| Abstract: | In 1997 General Motors and Volkswagen announced the settlement of a legal battle raged for nearly four years. It has been ugly, public war costing millions for each company, and even threatening to destabilize German-American relations. The terms of the settlement seemed absurdly small , calling for an exchange of intentionally ambigous letters, a purchasing agreement that would actually reduce the two sides' level of trade, and a severing of ties with the controversy's central figure - who had already resigned. Also a $100 million payment was called for from VW to GM. |
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