Hyundai and Kia will license hybrid technology from Paice to end a patent dispute that could have cost the automakers $29 million or more.
Hyundai and Kia could be on the hook to pay at least $28.9 million to Paice LLC for patent infringement, but they are appealing.
LG Group has taken up legal arms against both BMW and Audi over a patent dispute. The technology company is reportedly aiming to have the sale of vehicles from both German automakers banned in South Korea over an LED patent dispute. According to Korea Times, LG Group is claiming that Osram, the manufacturer of LEDs favored by both automakers, is infringing on LG patents. Oddly enough, LG was once behind the patent game and had to pay Osram to use the company's LED technology in LG products. Now
Followup: Toyota and Severinsky settle hybrid patent dispute ahead of ITC hearing; Ford also settles
2010 Toyota Prius – Click above for high-res image gallery
Things aren't looking good for Toyota in a legal battle over whether or not the Japanese automaker has infringed on a Florida-based company's hybrid drivetrain patents. A U.S. International Trade Commission judge recently ruled to deny Toyota's request to end the lawsuit brought by Paice LLC. Toyota's initial argument was that the plaintiff's patent was invalid, but so far, the courts have sided with the smaller of the two companies time and time again. Earlier in the legal battle, a judge ruled