Couple charged with GM hybrid tech theft

by Peter Valdes-Dapena, senior writer


NEW YORK (CNNMoney.com) -- Federal authorities in Detroit charged a Michigan couple Thursday with stealing information about hybrid vehicle technology from General Motors and attempting to put it to use for a Chinese car company.

Yu Chin and his wife Sanshan Du of Troy, Mich., have been charged with, among other things, unauthorized possession of trade secrets and wire fraud.

yu_qin_shanshan_du.jpg
Sanshan Du (left) and Yu Chin

According to the charges, from December 2003 to May 2006 Du conspired to obtain trade secrets about the automaker's hybrid vehicle technologies and passed that information to her husband who used it for the couple's own company, Millennium Technology International (MTI).

In January, 2005 GM offered Du, then a GM employee, a severance package. About five days later, she copied thousands of GM documents to a computer hard drive used for MTI business, authorities allege.

MTI later entered into a business venture to provide hybrid technology to the Chinese automaker Chery Automobile, a company that is a competitor of GM's in China.

In May 2006, the couple drove to a dumpster behind a grocery store where they discarded bags of shredded documents related to the case, authorities charge.

GM estimates the stolen information to be worth about $40 million, according to an announcement from U.S. Attorney's Office for the Eastern District of Michigan.

"We cooperated with the U.S. attorney's office in developing the case and will continue to cooperate with them as appropriate," GM spokesman Tom Wilkinson said.

CNN has not yet been able to reach the couple or their lawyers.

A Chery Automobile spokesperson was not immediately available for comment. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Find Your Next Car
Index Last Change % Change
Dow 17,131.82 -0.15 -0.00%
Nasdaq 4,551.48 -1.28 -0.03%
S&P 500 1,997.61 -1.37 -0.07%
Treasuries 2.57 -0.02 -0.70%
Data as of 1:41pm ET
Company Price Change % Change
Apple Inc 101.05 0.19 0.19%
Bank of America Corp... 16.72 0.01 0.06%
Alcoa Inc 16.24 0.09 0.53%
Yahoo! Inc 42.50 -0.20 -0.48%
Microsoft Corp 46.50 -0.26 -0.56%
Data as of 1:26pm ET

Sections

FedEx and Kohl's both announce plans to ramp up hiring this holiday season, one day after UPS unveiled a major hiring binge. More

U.S. inflation came in below expectations. That's good news for Americans and certainly a lot better than what's happening in Europe, Japan and Argentina. More

Frederick Hutson launched Pigeon.ly in 2012 to help inmates communicate with their friends and family. He's on target for $1 million in sales this year. More

Are you living for your job? Working around the clock? These questions will help you determine whether you've ventured into workaholic territory. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.