Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while ...
Aptiv's move comes as legacy automakers cut down or back away from their push towards autonomous technology, following technological hurdles and growing safety concerns over self-driving vehicles.
Auto parts supplier Aptiv Plc on Thursday cut its annual sales forecast and said it would reduce equity interest in its self-driving joint venture, Motional, with Hyundai Motor.Under the agreement, ...
Under the agreement with Hyundai Motor Co., Aptiv will not be required to fund the joint venture in the future, while Hyundai ...
Las Vegas, Los Angeles and Singapore with a safety driver at the wheel. The company’s go-to-market strategy is to partner with existing ride-hail platforms such as Uber, Lyft and Via to offer rides to ...