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 million directly into Motional as part of a broader deal that includes buying out joint venture partner Aptiv. As part of the deal, Hyundai will spend another $448 million to buy 11% of Aptiv's common equit