We all know that the Chinese automotive industry is booming and we are also familiar with some Chinese cars with designs that we have seen elsewhere. Here is an interesting piece of news regarding the topic. It has been reported that a former Ford engineer is being charged for selling company secrets to Chinese auto makers.
The person in question is Xiang Dong Yu who served for Ford between 1997 and 2007. Yu was recently arrested at the Chicago O’Hare International Airport after returning from an overseas trip. Apparently, Yu made copies of nearly 4,000 documents before leaving the Mustang maker. A year later in 2008, he tried to secure a job with the Shanghai Automotive Industry Corporation by offering vital information from Ford. Yu eventually found a job in Beijing Automotive Corporation but it is unclear if he leaked out any information to the company.
He now faces five counts of theft of trade secrets, attempted theft of trade secrets and unauthorized access to a protected computer. The damage? Well, Mr Yu could be sentenced to 5-10 years in prison as well as a $250,000 fine for each charge.