Around 550 employees across autonomous vehicle company Motional have been laid off, according to information taken from WARN notice filings and sources at the company. Earlier this week, TechCrunch ...
Motional, the joint venture between Hyundai Motor Group and Aptiv, is making a strategic shift to focus resources on the ...
Motional, the autonomous vehicle startup borne out of a $4 billion joint venture between Hyundai and automotive supplier ...
Motional has made material progress ... with ride-hail companies including Uber and Lyft to deploy AVs on their networks. And it has completed more than 100,000 autonomous rides in Las Vegas, NV and ...
Auto parts supplier Aptiv said last week it would sell its stake in Motional, its joint venture with Hyundai Motor, while the Korean automaker will fund the startup with additional USD 475 million.
A self-driving vehicle company actively testing on public roads in Pittsburgh is undergoing companywide layoffs amid a strategic restructuring.
The development comes ahead of electric carmaker Tesla's unveiling of its robotaxi, dubbed "Cybercab", on Aug. 8 and as legacy automakers limit spending on expensive autonomous driving technology in ...
Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while ...
Hyundai has agreed to invest almost one billion dollars in Motional, an all-electric robotaxi company. This investment will ...
Auto parts supplier Aptiv on Thursday cut its annual sales forecast and said it would reduce equity interest in its self-driving joint venture, Motional, with Hyundai Motor.Shares of Aptiv jumped ...
Under the agreement with Hyundai Motor Co., Aptiv will not be required to fund the joint venture in the future, while Hyundai ...
Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while ...