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GM subsidiary sues antimonopoly watchdog over use of Olympic symbols

13:19 30/09/2011

MOSCOW, September 30 - RAPSI, Sergey Feklyunin. A commercial will hear on November 21 an application filed by General Motors Daewoo Auto and Technology CIS to reverse the antimonopoly watchdog's decision on unfair competition, the court told the Russian Legal Information Agency (RAPSI) on Friday.

General Motors Daewoo Auto and Technology CIS imports and distributes GM Korean models.

The Federal Antimonopoly Service claimed that the subsidiary was engaged in unfair competition by using the Olympic symbols to sell Chevrolet cars.

The violation boiled down to naming one of the car colors "Olympic white."

The watchdog fined the distributor 23.27 million rubles ($832,000) on September 7.

The company filed its appeal with the Moscow Commercial Court on September 22.

RAPSI has yet to obtain the company's comments.

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GM subsidiary sues antimonopoly watchdog over use of Olympic symbols

13:19 30/09/2011 Commercial will hear on November 21 an application filed by General Motors Daewoo Auto and Technology CIS to reverse the antimonopoly watchdog's decision on unfair competition.
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