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The logo of South Korea's biggest automaker company Hyundai Motor is pictured at Pyeongtaek port in Pyeongtaek, South Korea, April 15, 2025. REUTERS/Kim Hong-Ji Purchase Licensing Rights, opens new tab

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SEOUL, July 16 (Reuters) - Hyundai Motor Group said on ​Thursday it would make U.S. ‌robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank ​Group's (9984.T), opens new tab stake of around 10% — a ​move it said will help ⁠it deploy advanced robotics across ​its operations.

Terms of the deal ​were not disclosed.

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Local media reported last month that the transaction would likely be ​worth about 500 billion ​won ($335 million).

Hyundai plans to begin deploying Boston ‌Dynamics' ⁠humanoid robot Atlas at a car manufacturing plant in Georgia from 2028.

The robot will initially ​handle parts ​sequencing ⁠tasks, with its role likely to be expanded ​to a broader range of ​manufacturing ⁠processes, including component assembly by 2030.

Hyundai acquired an 80% stake ⁠in ​Boston Dynamics in ​2021.

($1 = 1,484.8000 won)

Reporting by Heekyong Yang and ​Heejin Kim; Editing by Edwina Gibbs

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Legalcategory · July 15, 2026 · 11:09 PM EDT · 15 mins ago

A former senior adviser to the U.S. Federal Reserve was sentenced to 38 months in federal prison for making false ​statements to investigators about sharing restricted information related to the ‌central bank with Chinese intelligence operatives, the Justice Department said on Wednesday.

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Read Original at Reuters →