Great Wall ending dispute with Fiat
October 27, 2011 Category Automotive, Automotive Metals & Minerals
Great Wall Motor Co said it will not appeal an Italian court’s ruling that the design of its old auto model GW Peri was an infringement of Fiat’s Panda, putting the three-year long civil dispute to an end. The Hong Kong-listed car maker said the litigation would have no adverse impact on its operation, business or financial conditions. President Wang Fengying said the company was not only expected to double earnings this year, but it was also on track to meet its year-end sales target of 500,000 vehicles, despite slower growth in the market. Italian carmaker Fiat Group Automobiles filed a lawsuit against Great Wall in China in 2008, claiming that the latter copied Fiat’s popular second-generation Panda as Peri. A court in Hebei dismissed the claim and Fiat’s later appeal against the judgment was also dismissed by a Chinese higher court. An Italian court ruled in favor of Fiat in April, although the judgment offered little relief as Peri was never exported to countries in the European Union and ceased production last September.
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