Ford, VW Battery Supplier Said to Reach Deal to Avoid Import Ban
The companies had no immediate comment. The U.S. International Trade Commission had issued the import ban Feb. 10 based on what it called an “extraordinary” effort by SK Innovation to destroy evidence in a trade-secret case lodged by fellow South Korean rival LG Chem Ltd.’s LG Energy Solution Co. unit. The ITC did carve out time to let SK Innovation import components for batteries to be assembled in Georgia for Ford and Volkswagen vehicles. The ban was scheduled to take effect April 11, u...
Source: leaderpost.com