Hyundai Motor Co.

After legal battle, Ford licenses hybrid engine technology from Baltimore-based tech firm, Abell Foundation

After legal battle, Ford licenses hybrid engine technology from Baltimore-based tech firm, Abell Foundation

Ending a long-running legal battle, Ford Motor Co. agreed to pay a Baltimore-based technology firm and the Abell Foundation to use a hybrid engine technology.

The value of the licensing deal, announced Thursday, was not disclosed but likely runs into the millions of dollars over time.

Paice LLC, a pioneer in hybrid engine systems that grew out of a University of Maryland incubator, now licenses hybrid technology used in four of five gasoline-electric hybrid vehicles on U.S. roads. Some of the world’s biggest hybrid vehicle makers pay to use Paice technology, including Toyota, Hyundai/Kia and now Ford, which ranks second in U.S. hybrid car sales behind Toyota.

The Abell...

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