Ford And VW's Biggest Concern Has Been Resolved

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By Megansoto in Business
Updated 3 years ago

What could have been a huge problem for Ford and Volkswagen's future electric vehicle goals in America has been resolved, though it required immense political and corporate pressure. Bloomberg reports South Korean electric vehicle battery makers, LG Chem and SK Innovation have reached a $1.8 billion settlement regarding an intellectual property dispute. Here's the basic background: the US International Trade Commission sided with LG Chem earlier this year when it alleged SK Innovation stole trade secrets.

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