Court rules: Ford pays $105 million fine!
- October 29, 2022
- 0
Ford long ago electrification processes and has added electric cars to its range in recent years. The company has a long-term contract on the software and is based
Ford long ago electrification processes and has added electric cars to its range in recent years. The company has a long-term contract on the software and is based
Ford long ago electrification processes and has added electric cars to its range in recent years. The company has a long-term contract on the software and is based in Texas. Versa decided to collaborate with
As a result of the agreement between the two companies Ford when paying, Versa on the other hand, both agencies assisted and performed air updates of the cars. This agreement expired in 2015.
Ford withdrew from the deal in 2014. Versata officials, on the other hand copy their own software and accusing him of failing to pay the $17 million annual fee. The court ordered Ford to pay $105 million. of punishment $82.2 million for breach of contract, the rest $22.4 was given for deprivation of trade secrets.
Versata’s attorney said in a statement that the number they wanted… 85% of He said they were able to take it, and Ford’s defenses were pretty weak. According to the lawyer’s statements, the damage to the company amounted to 59.9 million dollars.
Ford, along with his statement not accept the punishment told. Ford’s attorney said so in a statement. “With all due respect to the decision of the jury, does not support this result. we think. Ford is appealing the decision.” the sentences used. The auto giant is appealing. For this process: a period of 15 days consists.
Lawsuit between two parties in April 2015 had started. It looks like it will continue for a while.
Source: Web Tekno
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.