Germany's Bosch sues S.Korea's Mando in U.S. for alleged patent infringements

HL Mando

30/09/2016 09:31

SEOUL, Sept 30 (Reuters) - German automotive parts supplier 
Robert Bosch GmbH has lodged a lawsuit in the United States 
against South Korean peer Mando Corp  204320.KS  alleging 
infringement of four of its patents, according to a U.S. court 
filing. 
    Shares in Mando tumbled 13 percent on Friday to their lowest 
levels in more than two months after the suit was filed at 
United States District Court for the Eastern District of 
Michigan on Thursday. 
    The suit claims some brake systems (ABS) and electronic 
stability control (ESC) products supplied by Mando, South 
Korea's No.2 auto parts maker after Hyundai Mobis  012330.KS , 
breach four of Bosch's patents. 
    Bosch said it's seeking an disclosed amount of damages and a 
court order to prohibit Mando from further infringing the 
patents. "Unless Mando is enjoined from its infringement, Bosch 
will continue to suffer irreparable harm," the German firm said 
in the filing.  
    A spokesman at Mando in Seoul didn't respond to calls from 
Reuters seeking for comment. 
    Mando has two U.S. factories, in Alabama and Georgia, 
catering to demand from Hyundai Motor  005380.KS  and General 
Motors  GM.N . 
    Mando also supplies steering racks for Tesla Motor's 
 TSLA.O  Model S vehicles, and is in talks with the U.S. 
automaker to supply unidentified components to the upcoming 
Model 3 car, Reuters reported in May.  urn:newsml:reuters.com:*:nL3N18L28N 
 
 (Reporting by Hyunjoo Jin; Additional reporting by Yun Hwan 
Chae; Editing by Kenneth Maxwell) 
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters 
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net)) 
 
Keywords: MANDO CORP BOSCH/