Market Chatter: Ford Motor Seeks to Overturn $13.2 Million InterMotive Verdict

MT newswire2026/10/22 18:06

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02:06 PM EDT, 10/22/2026 (MT Newswires) -- Ford Motor (F) faced a skeptical three-judge panel at the Sixth Circuit Court of Appeals on Thursday as it sought to overturn or reduce a $13.2 million jury award to supplier InterMotive for trade secret misappropriation, Bloomberg reported on the same day. Ford is accused of taking InterMotive's proprietary power control interface technology to a competitor to obtain a cheaper alternative, the report added. Ford Motor and InterMotive didn't immediately reply to MT Newswires' request for comments. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 11.88, Change: -0.02, Percent Change: -0.17

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OpenAI is close to completing a fundraising round of up to 30 billions USD at a pre-money valuation of 1.25 trillions USD, with lead investments from United Arab Emirates investors and Coatue. OpenAI plans to finalize the financing by the end of next week and is simultaneously negotiating a business agreement to acquire additional computing power from the UAE. This funding round is positioned as a transitional solution ahead of an IPO. The news of this fundraising comes as U.S. tech stocks fell broadly, with the “Magnificent Seven” index dropping by 2.80%.

华尔街见闻•2026/10/22 21:26