Hyundai Motor to buy controlling stake in US robot firm from SoftBank

SEOUL: Hyundai Motor Group and its chairman have agreed to buy a controlling stake in Boston Dynamics from SoftBank Group Corp. in a deal that values the US-based robot maker at $1.1 billion.
The South Korean automaker group said on Friday the purchase would help it expand automation in its vehicle factories and design autonomous cars, drones and robots, as it seeks to turn itself from a manufacturer into a broader mobility service provider.