The U.S. Supreme Court let stand a $4.3-million (U.S.) award against Toyota Motor Corp. for using another company's patented technology in gasoline-electric hybrid vehicles, including the top-selling Prius. The justices, without comment, yesterday turned away an appeal by Toyota, leaving intact a jury verdict favouring closely held Paice LLC of McLean, Va. A federal appeals court in Washington upheld the award last year. The disputed technology involves a microprocessor that accepts torque information from both the internal combustion engine and electric motor. 7203 (Tokyo) fell ¥50 to ¥5,250 ($50.60.).
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Toyota loses appeal of hybrid patent ruling
Bloomberg
May 13, 2008
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