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Yugo Importer Awarded $2 Million in Damages, Reuters Reports

According to Reuters, auto entrepreneur Malcolm Bricklin was awarded $2 million in damages after a former employee of his V Cars LLC illegally brought luxury vehicles into the U.S. market from China.

by Staff

July 16, 2013

1 min to read

DETROIT — Malcom Bricklin’s V Cars LLC was awarded $2 million last week by a federal jury after the automotive company’s former employee illegally helped take in vehicles from a company in China, according to Reuters.

Former V Cars executive Dennis Gore, through his new company KCA Engineering, committed fraud and other offenses, Reuters reports. Bricklin, the man behind the 1980s importation of the Yugo to the States, alleges Gore used proprietary information to assist China-based Chery Automobile Co. Ltd. In a joint venture with investment firm Israel Corp.

To read the full story, click here.

Topics:automotive Malcolm Bricklin entrepreneur Reuters Yugo F&I

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