Nippon Steel Drops Lawsuit Against Toyota
They felt wrangling among Japanese companies was not beneficial to keep the nation competitive.
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They felt wrangling among Japanese companies was not beneficial to keep the nation competitive.
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Nippon Steel Corp. has dropped its lawsuit against Toyota Motor Corp. over a patent for a technology used in electric motors, saying wrangling among Japanese companies was not beneficial to keep the nation competitive. Toyota and Nippon Steel see their partnership as critical in the Japanese auto industry. Japan’s top steelmaker said in a statement Thursday that such internal disputes were not fitting for a period of uncertainty and rapid change toward “carbon neutrality,” referring to the recent rush to develop electric vehicles.
TOKYO (AP) — Nippon Steel Corp. has dropped its lawsuit against Toyota Motor Corp. over a patent for a technology used in electric motors, saying wrangling among Japanese companies was not beneficial to keep the nation competitive. Toyota and Nippon Steel see their partnership as critical in the Japanese auto industry. Japan’s top steelmaker said […]