Ford Motor Co.
) has been accused of breaching a patent on an automatic turn
signal technology, according to Bloomberg. The 2008 patent
related to the three-blink lane change technology is owned by
Richard Ponziani is the former automotive design engineer for
General Motors Co.
) and Valeo SA. He filed a complaint with the federal court of
Ford launched this three-blink technology in its vehicles in
2009. This technology is used in Ford's F Series trucks, Taurus,
Edge and Fusion models. The turn indicator is designed in such a
way that it blinks three times and then automatically stops.
Recently, Ford was also accused of violating the hybrid vehicle
technology patent held by Paice LLC. The technology is used in
the hybrid and plug-in versions of Ford's C-Max, Fusion and
Paice made its mark by discovering new ways to maximize fuel
efficiency and reduce harmful emissions, without compromising on
performance. The company had slapped similar charges against
Toyota Motor Corp.
) and had won the case in 2010.
Ford posted earnings per share of 31 cents in the fourth quarter
of 2013, in line with the fourth quarter of 2012 earnings (all
excluding special items). With this, the company surpassed the
Zacks Consensus Estimate of 28 cents.
Revenues in the quarter grew 3.6% to $37.6 billion, exceeding the
Zacks Consensus Estimate of $35.47 billion. The improvement was
attributable to increased wholesale volumes in the automotive
Currently, Ford carries a Zacks Rank #3 (Hold). A better-ranked
automobile stock worth considering is
Tesla Motors, Inc.
), with a Zacks Rank #2 (Buy).
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