Hyundai self-driving deal points to industry-wide pattern
It has been a busy week for Aurora, the self-driving startup founded by veterans of the Google, Tesla, and Uber self-driving programs. On Monday, Aurora announced it had forged a partnership with Fiat Chrysler. On Tuesday, Aurora said it was ending its partnership with Volkswagen. Now Hyundai is deepening its partnership with Aurora with an equity investment.
It’s the latest example of an industry-wide pattern: one after another, car companies have made big investments in self-driving startups. And these deals mean that carmakers are effectively entering into self-driving alliances with one another.
Some carmakers are taking big stakes in self-driving projects
General Motors started the process back in 2016, buying self-driving startup Cruise for more than $500 million. In 2018, GM sold a modest stake in Cruise to Honda, cementing a self-driving alliance between the two companies.
Source: Ars Technica