GM to begin laying off about 1,700 workers at Kansas plant, WARN notice shows
Ireland drops plans for hate speech law, minister says
Trump explains why he will not accept CNN debate against Harris
Russia says it will take no part in follow-up to 'peace summit'
France gets a new government after weeks of uncertainty
Sullivan expresses worry over escalating Israel-Lebanon tension, calls Hezbollah strike as justice served
Court gives 5 days for X to validate its Brazil legal representative
WNBA playoffs set to begin Sunday with all four first-round series getting underway
She was born blind, but she travels the world by herself
Travel isn’t just fun. It might also help fight the signs of aging
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 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.
The lawsuit over intellectual property demanding compensation for damages totaling 20 billion yen ($133 million) was filed in Tokyo District Court in October 2021.
Tokyo-based Nippon Steel said it is still suing Baoshan Iron & Steel Co., or Baosteel, a Chinese steelmaker that produces and supplies the steel that it alleges violates the patent.
The lawsuit against Toyota, Japan's biggest automaker, was related to steel sheets used in electric vehicle motors and manufactured by Baosteel.
___
Yuri Kageyama is on X, formerly Twitter https://twitter.com/yurikageyama
