UPS (UPS) Declares $1.01 Quarterly Dividend; 2.6% Yield

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Go back to UPS (UPS) Declares $1.01 Quarterly Dividend; 2.6% Yield

Hyundai, Aptiv name self-driving joint venture Motional

August 11, 2020 8:11 AM EDT

By Paul Lienert

(Reuters) - South Korean automaker Hyundai Motor Co and auto supplier Aptiv PLC (NYSE: APTV) have named their self-driving joint venture Motional, the companies said Tuesday.

Formed a year ago, the $4-billion venture is developing a fully automated system that it hopes to begin selling in 2022 to robotaxi companies and fleet operators, Chief Executive Karl Iagnemma said in an interview.

In a post-COVID world, driverless technology is more relevant... More