Hyundai Motor to acquire an additional 35% stake in Motional from Aptiv for $475m.

Hyundai Motor, a South Korean chaebol headquartered in Seoul, agreed to acquire an additional 35% stake in Motional, an American autonomous vehicle company, from Aptiv, an Irish-American automotive technology supplier, for $475m. "Having spent my entire career in developing robotic and autonomous technology, I remain convinced that AVs will have a transformative, positive impact on the way we move, with the capability to dramatically improve roadway safety, reduce emissions, and enhance the overall experience of personal transportation. I’m confident in the road ahead and Motional’s ability to achieve its mission of making driverless vehicles a reality," Karl Iagnemma, Motional President and CEO.