Mexican Media Brands
Honda Agrees to License Paice Hybrid Technology
Baltimore, Md.-based Paice LLC says it has reached an agreement with Honda Motor Co., under which the carmaker will license Paice’s hybrid powertrain technology.
#hybrid #legal
Share
Baltimore, Md.-based Paice LLC says it has reached an agreement with Honda Motor Co., under which the carmaker will license Paice’s hybrid powertrain technology.
Terms of the deal weren’t disclosed.
Honda is the latest carmaker to settle with Paice, which has aggressively defended its hybrid patents that date back to 1994. Ford, Hyundai/Kia, Volkswagen and Toyota also are licensing Paice’s technology.
Paice, which was founded in 1992 by Alex Severinsky, has 30 international patents related to hybrid powertrains. The patents are co-owned by Abell Foundation Inc., a charitable foundation.
RELATED CONTENT
-
2019 Honda Insight
One of the things that rarely gets the amount of attention that it should in a typical “car review” is the fact that for a considerable amount of time drivers are not “getting on the throttle” because for a considerable number of drivers, they’re “dwelling on the binders,” a.k.a., sitting with their foot depressed on the brakes, perhaps lifting every now and then in order to nudge forward in traffic.
-
Ford Going Fast
Ford estimates that SUV sales could be half of all retail sales in the U.S. by 2020.
-
Mahindra Automotive in America
Rick Haas has an impressive automotive resume, having held positions at Ford and Tesla and currently as the president and CEO of Mahindra Automotive North America.