EV startup Karma would like DeLorean to go back in time and not steal its trade secrets
The effort to electrify an iconic car has run into its first speed bump. Earlier this month, electric vehicle company Karma Automotive filed a lawsuit against DeLorean Motors Reimagined, the Texas-based company that holds the branding rights for the original DeLorean Motor Company (DMC), and four of its employees, alleging stolen intellectual property.
More broadly, Karma claims that DeLorean Motors Reimagined only exists because a joint venture between the two didn’t pan out. In a lawsuit filed on August 8th in US District Court for the Southern District of Texas, Karma alleges that four DeLorean employees — CEO Joost de Vries, COO Alan Yuan, vice president Neilo Harris, and chief marketing officer Troy Beetz — stole the company’s trade...