
Boston Dynamics develops and deploys highly mobile robots with advanced mobility, dexterity and intelligence, enabling automation in unstructured or hard-to-traverse spaces, from industrial plants and construction sites, to distribution centers and warehouses.
Hyundai Motor Group, Boston Dynamics, Inc. and SoftBank Group Corp. (TOKYO: 9984) announced today the completion of the Group’s acquisition of a controlling interest in Boston Dynamics from SoftBank, following regulatory approvals and other customary closing conditions. The deal valued the mobile robot firm at $1.1 billion. Additional financial details were not disclosed. Now, the Group holds an 80% stake in Boston Dynamics. SoftBank, through one of its affiliates, retains the remaining 20% share.
“By acquiring Boston Dynamics and securing a leading presence in the field of robotics, the Group takes another major step toward its strategic transformation into a Smart Mobility Solution Provider. To propel this transformation, the Group has invested substantially in the development of future technologies, including autonomous driving, artificial intelligence (AI), Urban Air Mobility (UAM), smart factories and robots,” said Hyundai Motor Group in a release. Continue reading →
NHTSA Shouldn’t Cut National Autonomous Vehicle Regs!
More than auto industry jobs are at stake here.
The National Highway Traffic Safety Administration’s (NHTSA) has announced the “intention to prematurely end a critical national automated-vehicle (AV) pilot program” according to the Alliance for Automotive Innovation – aka Auto Innovators – that continues to emphasize the program’s strategic value.
AutoInformed thinks that more than US auto industry jobs are at stake here. AV technology can reduce congestion, improve safety for passengers and pedestrians, and spur unknown innovations to help the United States lead the global automotive industry. Continue reading →