Get the latest tech news
Hyundai Spending Nearly $1 Billion To Keep Self-Driving Startup 'Motional' Alive
An anonymous reader quotes a report from TechCrunch: Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while providing the self-driving startup with the necessary capital to keep operating. The Korean automaker invested $475 millio...
An anonymous reader quotes a report from TechCrunch: Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while providing the self-driving startup with the necessary capital to keep operating. The Korean automaker invested $475 million directly into Motional as part of a broader deal that includes buying out joint venture partner Aptiv. The company said at the time that it would stop allocating capital towards Motional due to the high cost of commercializing a robotaxi business and the long road ahead to profits.
Or read this on Slashdot