Quote:
Originally Posted by Old Mechanic
Why would either party want to stop importation? Loss of profit for Toyota and loss of income for Paice.
regards
Mech
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Toyota would not want to stop importation...which is the reason Paice is litigating for it. Loss of imports to the US hits Toyota where it hurts...in the wallet...especially right now when every dollar is precious. $4.3 million paid to Paice in 2005 is change for Toyota...they already have the technology and are using it in their hybrid vehicles.
From what I have read and as I understand it, Paice is paid the $25 per vehicle royalty for hybrid cars produced...not sold....they get their money up front including all the cars that would potentially be sitting at the docks in the hands of US customs.