China Inc is not our friend
https://www.foxbusiness.com/markets/...ed-car-company
Stupid MF signed over all his IP so now China owns whatever Saleen had in the company...
China Inc is not our friend
https://www.foxbusiness.com/markets/...ed-car-company
Stupid MF signed over all his IP so now China owns whatever Saleen had in the company...
Cheers.
Tony
Nothing here yet.
Either Wang is that ignorant of how China and CCP structure such deals or was foist on Saleen several years ago to ultimately seduce him into the deal. I doubt that he loses his rights to his IP — but China via the CCP-run umbrella Corp now would also have rights to it. Hard to fathom that a corporate automotive lawyer doesn’t know that China has been trolling for such for a good 10-15 years now. What they really want is rights to sensor technology so wonder what other nuggets may have been in the Saleen portfolio because I doubt Saleen has any of that. Then again it could also have to do with other Saleen corporate contract ties, e.g. with Ford who went out of their way to skunk China’s attempts to acquire Volvo when Ford was selling off it’s portfolio when they almost went belly-up. All they wanted then too was sensor technology and key manufacturing technology rights.
68fastback™ ;-)
“When you tear out a man’s tongue you are not proving him a liar, you’re only telling the world that you fear what he might say” -- George R. R. Martin
MAKE AMERICA GREAT AGAIN, AGAIN! .
Veritas vos Luberabit(the truth will set you free)
Wow :(
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Reply With Quote