Aptiv acquires edge software developer Wind River for $4.3bn

Autonomous Vehicle

Aptiv, an electric vehicle parts supplier, is acquiring Wind River from TPG Capital for $4.3 billion (£3.14bn) in cash.

Wind River builds software for edge networks and is currently used on more than two billion edge devices by 1,700 global customers. It generated $400 million (£292m) in revenue in 2021.

Its software allows for the secure development, deployment, and servicing of mission-critical intelligent systems across the aerospace, telecommunications, and...

Hyundai-Aptiv joint venture Motional unveils its first Lyft robotaxi

Motional, a joint venture between Hyundai and Aptiv, has unveiled its first robotaxi that will be available via Lyft’s app.

The all-electric IONIQ 5 robotaxi is based on the same vehicle that launched worldwide earlier this year. As a Level 4 autonomous vehicle, it can safely operate without a driver.

Woongjun Jang, Head of the Autonomous Driving Center at Hyundai Motor Group, said:

“Hyundai Motor has evolved its IONIQ 5, a battery electric vehicle built on...