In a significant shift within the autonomous vehicle industry, Motional, a robotaxi company, is set to lose financial backing from one of its key investors, Aptiv. Aptiv, an automotive supplier, has decided to reduce its stake in Motional and will cease funding the firm. This development follows the creation of Motional in 2019 as a $4 billion joint venture between Aptiv and Hyundai.
Robotaxi company Motional loses capital support from automotive supplier Aptiv, the other half of a $4B joint venture with Hyundai that created Motional in 2019 (@kirstenkorosec / TechCrunch) https://t.co/3svJvRuPlZ š« Subscribe: https://t.co/OyWeKSRpIM https://t.co/CU5wLJDAuk
Autonomous vehicle company Motional is about to lose a key backer: https://t.co/KTWU1J8NQr by TechCrunch #infosec #cybersecurity #technology #news
Autonomous vehicle company Motional is about to lose a key backer https://t.co/j80rlXmQgC
Aptiv to cut stake in robotaxi tech firm Motional, stop funding https://t.co/ARBNBP8Cfe https://t.co/gveJCyDDAj
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