Yokohama Tire Corp. said it has settled a patent infringement suit with South China Tire & Rubber Co. Ltd. concerning South China's Wanli S-1099 passenger tire but said terms are confidential.
Yokohama initially sued South China Tire and Zisser Tire Wholesale, the product's exclusive U.S. distributor, in 2004, claiming the Wanli S-1099 infringed upon Yokohama's trademarks and patents due to its similarity in appearance to Yokohama's AVS Sport tire.
Zisser and Yokohama settled in September 2004, with Zisser agreeing to stop selling the product and paying Yokohama $100,000.
``We are very satisfied...with our settlement with South China and we will continue to aggressively protect our patents and trademarks,'' said James MacMaster, Yokohama's executive vice president, business division.
South China Tire could not be reached for comment before Tire Business' deadline for this issue. In a statement issued in September 2004, the Guangzhou City, China-based company had denied Yokohama's charges and called the lawsuit meritless.