Ford Motor Co. is being sued by a former software supplier for $1 billion that claims the automaker stole trade secrets for product development software.
Versata Inc., a Texas-based software development company, claims in its suit that Ford used proprietary information from the supplier in programs it patented. The company filed the suit on May 7 in Texas.
Ford is denying Versata’s claims and, in fact, filed an earlier lawsuit in Michigan to ensure that its program did not infringe on Versata’s intellectual property. Versata provides similar software to other automakers including General Motors, Nissan, Fiat Chrysler, Toyota, Hyundai, Kia, Volvo and Jaguar. (more…)