GM subsidiary challenges fine for unlawful use of Olympic symbols
MOSCOW, September 26 - RAPSI, Sergei Feklyunin. The court has registered a request 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).
General Motors Daewoo Auto and Technology CIS imports and distributes GM Korean models.
The Federal Antimonopoly Service and the Sochi-2014 Organizational Committee claimed in June 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. The hearing date has not yet been scheduled.