Daimler to pay Nokia patent fees, ending legal fight

Published by
Reuters

By Foo Yun Chee BRUSSELS (Reuters) – Daimler has agreed to pay Nokia for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies. Nokia, which makes 1.4 billion euros ($1.7 billion) in licensing revenues every year, and carmaker Daimler had sued each other in German courts in recent years, with mixed results. Tech firms want automakers to pay royalties for technologies used in navigation systems, vehicle communications and self-driving cars but the latter say their suppliers should pay instead, which could reduce the fees for…

Read More

Share this Story
Load More Related Articles
Load More In US News

Facebook Comments

Check Also

Kamala Harris launches campaign for voting rights across U.S.

Published by Reuters By Nandita Bose WASHINGTON (Reuters) ...

Archives