Hyundai Motor CompanyBoston Dynamics / Parent organization

In June 2021, Hyundai Motor Group acquired a majority interest in Boston Dynamics and now holds an 80 percent stake in the company. SoftBank, through one of its affiliates, holds the remaining 20 percent. Boston Dynamics operates as an independent business within the larger Hyundai portfolio.Hyundai Motor Group's decision to acquire Boston Dynamics is based on its growth potential and wide range of capabilities. “Wide range of capabilities" we get, but that other phrase, “growth potential," has a heck of a lot wrapped up in it. At the moment, Boston Dynamics is nowhere near profitable, as far as we know.Hyundai is acquiring an 80 percent stake in Boston Dynamics in a deal valuing the company at $1.1 billion. Softbank will retain a 20 percent stake. Boston Dynamics was spun out of MIT as a private company in 1992 and survived for a long time on military contracts.

Who is the CEO of Boston Dynamics : CEO Robert Playter

Boston Dynamics CEO Robert Playter: Atlas represents “our newest generation of what's been an almost 15-year effort in developing humanoids.” Boston Dynamics has just introduced a new Atlas humanoid robot, replacing the legendary hydraulic Atlas and intended to be a commercial product.

Did Kia buy Boston Dynamics

Kia, in collaboration with Boston Dynamics, an American robotics company acquired by Kia's parent company, Hyundai Motor Group, in 2021, has plans to launch a new robot in 2024.

Was Boston Dynamics sold : Headquartered in Waltham, Massachusetts, Boston Dynamics has been owned by the Hyundai Motor Group since December 2020, but having only completed the acquisition in June 2021. Boston Dynamics, Inc.

Headquartered in Waltham, Massachusetts, Boston Dynamics has been owned by the Hyundai Motor Group since December 2020, but having only completed the acquisition in June 2021. Boston Dynamics, Inc.

Hyundai Motor GroupHyundai Motor Company / Parent organization

Hyundai Motor Group (South Korea) owns Genesis, Hyundai, and Kia. Mazda Motor Corp. (Japan) owns Mazda. Mercedes-Benz Group (Germany) owns Mercedes-Benz. Renault-Nissan-Mitsubishi Alliance (Netherlands) owns Infiniti, Mitsubishi, and Nissan.

Why did SoftBank sell Boston Dynamics

Hyundai wanted to invest in more "mobility solutions," and Softbank was able to flip Boston Dynamics for a tidy profit. The acquisition is pretty exciting for Boston Dynamics. While the company has been churning out industry-leading robotics work for years, it has all been pure research.TOKYO, June 21 (Reuters) – SoftBank Group Corp (9984. T) , opens new tab said on Monday South Korea's Hyundai Motor Group had completed the acquisition of robotics firm Boston Dynamics from the Japanese conglomerate.Hyundai Motor Group

Hyundai Motor Group decided to purchase the auto company in 1998 to keep it afloat. Kia and Hyundai Motor Group operate independently, but Hyundai is the parent company of Kia Motors. The difference between Kia and Hyundai is that both companies have their own brand philosophies to uniquely produce their vehicles.

In December 2020, Hyundai Motor Group acquired an 80% stake in the company from SoftBank for approximately $880 million. SoftBank Group retains about 20% through an affiliate. In June 2021, it was announced that Hyundai officially took a controlling stake in the company from SoftBank.

Does Hyundai still own Kia : No, Kia Motors and Hyundai Motor Group are separate motor companies, but they are related. Hyundai purchased a portion of financially-struggling Kia years ago so they could stay in business. Currently, Kia has a stake in some of Hyundai Motor Group's subsidiaries.

Who bought Kia and Hyundai : Hyundai Motor Group

Hyundai acquired Kia out of bankruptcy in 1998, and now owns a 34% stake in the lesser-known car brand. Hyundai Motor Group was established in 2000 after Hyundai Motor Co. bought Kia. Hyundai Motor Group is now the parent company of Hyundai Motor Co., Kia and Genesis.

Why did SoftBank lose so much money

As SoftBank invested billions of dollars in unprofitable startups beginning in 2017, it inflated valuations worldwide before they were punctured by China's tech crackdown from 2020 and the US Federal Reserve's rate hikes last year. The company spent months writing down losses while limiting new investments.

Hyundai Motor Group (South Korea) owns Genesis, Hyundai, and Kia. Mazda Motor Corp. (Japan) owns Mazda. Mercedes-Benz Group (Germany) owns Mercedes-Benz. Renault-Nissan-Mitsubishi Alliance (Netherlands) owns Infiniti, Mitsubishi, and Nissan.Kia Corporation (Korean: 기아, IPA: [ki. a], formerly known as Kyungsung Precision Industry (京城精密工業) and Kia Motors Corporation) is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea.

Who owns Kia brand : Hyundai Motor Group (South Korea) owns Genesis, Hyundai, and Kia. Mazda Motor Corp. (Japan) owns Mazda. Mercedes-Benz Group (Germany) owns Mercedes-Benz. Renault-Nissan-Mitsubishi Alliance (Netherlands) owns Infiniti, Mitsubishi, and Nissan.