Both companies filed lawsuits against the other regarding a patented technology used in hybrid versions of the Ford Fusion sedan and Escape crossover.
The dispute surrounds the same patent -- U.S. Patent No. 5,343,970 -- that Paice and Toyota Motor Corp. have been litigating over since 2005. Paice holds 11 U.S. patents related to hybrid-vehicle technology.
“We are pleased to have reached an amicable resolution,” Ford and Paice executives said in a joint statement. Neither company would comment further.
