Business Services Industry
Suppliers more willing to sue automakers, analysts say.(News)(BuynSupply.Com Inc)
Crain's Detroit Business, January, 2004
Byline: Terry Kosdrosky A small technology company won an $11.1 million arbitration decision against General Motors Corp. this month, an example of what auto supplier attorneys say is a growing boldness among their clients. GM said it plans to appeal. Vendors to automakers and large tier-one suppliers are more likely to sue, heartened by recent court successes, legal analysts say.
In the most recent case, Farmington Hills-based BuynSupply.Com Inc. accused GM of breaching its contract. BuynSupply, a startup owned by former GM engineer Frank Soares, agreed to produce a searchable, Web-based library of GM's tooling components. The idea was that GM would provide access to its electronic library of assembly machine parts and BuynSupply would sell access to...
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