Ally Financial sues Chrysler Financial for copyright infringement

Article by Anita Panait, on September 22, 2013

Ally Financial Inc. has filed a lawsuit against Chrysler Capital, accusing the joint venture of Santander Consumer USA Inc. and Chrysler Group of infringing a copyright on loan forms to avoid a $150 million accounting penalty. Santander Consumer USA Inc. is facing claims of copyright infringement and misappropriation of trade secrets. 

Ally has asked a federal court in Detroit to prevent Chrysler Capital from "imitating, copying or making use of" the copyrighted forms. Ally said in the complaint filed in federal court in Detroit that Santander "elected to take a short cut rather than do the hard work that was required to develop the comprehensive, foundational auto finance platform needed to service the Chrysler dealerships and consumers on the scale contemplated by, and contracted with, Chrysler.

"According to Ally, a former employee employed by Santander "took several proprietary documents when he left Ally," including its "Retail Procedures Manual." Chrysler Capital commenced operations on May 1, financing car and light-truck purchases and providing dealers with wholesale loans for buying vehicles from Chrysler, who allowed its agreement with Ally to expire at the end of April.

Topics: ally financial

If you liked the article, share on:

Pin It

Comments

Recommended

The German automaker Volkswagen is now racing against time to come up with electric vehicles that will be able to pass Europe and China's stringent emission standard. The car company...
by - March 22, 2017
In the last few years, the advent of compact sedans and crossovers has become quite overwhelming. Even two of the major manufacturers that “started it all” have to admit that...
by - March 22, 2017
By 2020, Audi will be throwing out not just one but three fully-electric vehicles. One of which will be pitted against the BMW i8. This new information was revealed by...
by - March 22, 2017
Tesla confirms that they will be discontinuing the fairly new Model S 60 and 60D sedans as soon as next month. Why, you ask? The company wants to make enough...
by - March 22, 2017
Have you ever wondered how much luxury car companies profit from every vehicle they sell? And which companies profit more? Well, in 2016, Porsche sold over 238,000 vehicles. That is...
by - March 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries