A meeting between the warring factions of China America Cooperative Automotive Inc. (Chamco Auto) ended in a stalemate yesterday, an official for the so-called new Chamco Auto tells Ward’s. “The short answer is that nothing of any substance was accomplished,” Martin Karo, secretary and general counsel of the new Chamco, says of the May 12 meeting. It was the first face-to-face between the two sides since a New Jersey judge appointed a custodian, Gerald Escala, to sort through lawsuits ...
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