Daimler and Nokia settle patent disputes

Daimler and Nokia settle patent disputes

FineAuto

Concern Daimler and Nokia have signed an amicable agreement, which ended the proceedings over the unlicensed use of patented technologies. The parties reportedly agreed not to disclose the terms of the agreement.

Recall that about two years ago, Nokia accused Daimler of using technologies, patents for which once belonged to a Finnish electronics manufacturer. Technologies affected wireless data transmission and some software. Initially, Nokia requested a one-time payment from Daimler, but the Germans refused to do this, writes the portal pepelac.news.

In August 2020, the district court of the German city of Mannheim ruled in favor of Nokia in a patent dispute with Daimler. The court concluded that the automaker had violated one of Nokia’s patents by integrating mobile communication systems into its cars. In this regard, Daimler must end this practice and pay compensation to the Finnish company.

Nokia manufactures telecommunications equipment for mobile, fixed, broadband and IP networks. The company’s shares are listed on the stock exchanges of Frankfurt am Main, New York and Helsinki.

Earlier it was reported that Nissan Motor sold its stake in Daimler AG for 1.15 billion euros. The Japanese automaker intends to improve its position with this deal. It is clarified that Nissan sold almost the entire volume of securities of Daimler AG, which amounted to 16.4 million shares. The selling price was EUR 69.85 per share. Nissan is currently restructuring and getting rid of surplus assets.

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