Ford Stole Tech for Best-Selling Trucks From MIT, Professors Say
BLOOMBERG
February 1, 2019, 7:00 PM EST
The most-popular vehicle in the U.S. -- the F-Series truck -- is among the many Ford Motor Co. products using stolen technologies to run its newest fuel-efficient engines, according to three Massachusetts Institute of Technology professors who say they invented the enhancements.
With Ford selling two trucks every minute and generating about $42 billion in revenue last year from the F-Series alone, the MIT inventors are demanding an unspecified share of the proceeds. In a lawsuit filed Jan. 30, they say their patented dual port- and direct-injection technology were added to the company’s EcoBoost engines in recent years without permission.
The dispute marks a split in the long collaboration between MIT and Ford, which created a joint energy-research program in 2007 to focus on powertrain, fuel and energy technologies. A separate MIT Energy Initiative paired Ford personnel with university researchers. Chairman Bill Ford, great-grandson of the automaker’s founder Henry Ford, received a masters degree from the MIT Sloan School of Management in 1984.
But by 2015, the company suggested the professors were “greedy inventors” and refused offers to negotiate exclusive rights to license the patents, the lawsuit alleges.
Ford sells “a lot of vehicles, most with EcoBoost,” said Kevin Tynan, senior automotive analyst for Bloomberg Intelligence in Princeton, New Jersey, who estimates the company has sold about 8 million light trucks alone since 2015. It’s too soon to know how costly any royalties would be for the company, he said. “At $1 per vehicle, no big deal. At $1,000, $8 billion hurts a little.”
Spokespersons for Ford and MIT declined to comment on the case.
More at the link...
BLOOMBERG
February 1, 2019, 7:00 PM EST
The most-popular vehicle in the U.S. -- the F-Series truck -- is among the many Ford Motor Co. products using stolen technologies to run its newest fuel-efficient engines, according to three Massachusetts Institute of Technology professors who say they invented the enhancements.
With Ford selling two trucks every minute and generating about $42 billion in revenue last year from the F-Series alone, the MIT inventors are demanding an unspecified share of the proceeds. In a lawsuit filed Jan. 30, they say their patented dual port- and direct-injection technology were added to the company’s EcoBoost engines in recent years without permission.
The dispute marks a split in the long collaboration between MIT and Ford, which created a joint energy-research program in 2007 to focus on powertrain, fuel and energy technologies. A separate MIT Energy Initiative paired Ford personnel with university researchers. Chairman Bill Ford, great-grandson of the automaker’s founder Henry Ford, received a masters degree from the MIT Sloan School of Management in 1984.
But by 2015, the company suggested the professors were “greedy inventors” and refused offers to negotiate exclusive rights to license the patents, the lawsuit alleges.
Ford sells “a lot of vehicles, most with EcoBoost,” said Kevin Tynan, senior automotive analyst for Bloomberg Intelligence in Princeton, New Jersey, who estimates the company has sold about 8 million light trucks alone since 2015. It’s too soon to know how costly any royalties would be for the company, he said. “At $1 per vehicle, no big deal. At $1,000, $8 billion hurts a little.”
Spokespersons for Ford and MIT declined to comment on the case.
More at the link...