Autonomous vehicle company Motional is about to lose a key backer

Autonomous vehicle company Motional is losing capital support from one of its primary backers as it aims to commercialize a robotaxi service in 2024. Automotive supplier Aptiv — the other half of a $4 billion joint venture with Hyundai that created Motional — said Wednesday it will no longer allocate capital towards the endeavor. “While […]

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automotive autonomous autonomous vehicle billion capital hyundai joint venture key motional robotaxi service support transportation venture wednesday will