AutoBeta(AutoBeta.net)11/22 Report--

GM filed a lawsuit against its old rival Fiat Chrysler on November 20, according to media reports. GM claimed that Fick had bribed US union officials over the past decade. Sabotage negotiations between GM and the union to gain its own advantage, a move that cost GM 1 billion yuan.

In a public statement, GM believes that the Fick Group made GM employees' wages higher than those of the Fick Group through extortion and extortion several times between 2009 and 2015, leading to the breakdown of negotiations between GM and the union. In addition, when Fick's plan to buy GM was dashed in 2015, GM increased its costs by bribing union officials.

GM will seek compensation from Fick Group to make up for the losses caused by GM's failure to negotiate with the union, but the exact amount of the claim was not disclosed.

It is worth noting that GM filed the lawsuit at a sensitive time for the Fick Group. At the end of October, FCA and Peugeot-Citroen officially announced a merger, each with a 50 per cent stake in the combined company, with a market capitalization of about $49 billion, making it the world's fourth-largest carmaker.

Fick called GM's lawsuit "baseless" and said it would actively defend it. "We are shocked by the prosecution, including the content and timing of the lawsuit," Fick said in a statement on its official Weibo account. We can only assume that this is to undermine our planned merger with Peugeot Citroen and our negotiations with UAW. "

However, GM's legal adviser said the lawsuit had nothing to do with the merger of Fick and Peugeot Citroen and would not sue the union.

It is reported that negotiations between GM and the US trade union broke down in September, causing nearly 50,000 workers across the United States to strike and protest. after many mediation and consultations, the union signed a new labor contract with GM at the end of October, ending the 40-day strike.

The progress of the case is still unknown, but after the news, the shares of GM and Fick Group fell, which had a negative impact on GM and Fick Group.

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