31
Jan
19:40
Aptiv slashes stake in Motional JV citing financial losses
Global automotive technology supplier Aptiv is reducing its stake in self-driving technology firm Motional due to losses.
Aptiv made the announcement during its fourth-quarter earnings call on Wednesday, noting that it has lost millions of dollars from the investment. As such, the company will no longer provide funding to Motional moving forward.
Motional, founded in 2020, is a joint venture between Aptiv and Hyundai Motor Group. Despite Motional making good prog…
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