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Hyundai to acquire Boston Dynamics - PLANT


Hyundai to acquire Boston Dynamics
Boston Dynamics is also entering the logistics automation market and will introduce a mobile robot for warehouses in 2021
December 22, 2020  
by Plant Magazine
Hyundai Motor Group and SoftBank Group Corp. have agreed on main terms of the transaction pursuant to which Hyundai Motor Group will acquire a controlling interest in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. The deal came as Hyundai Motor Group envisions the transformation of human life by combining world-leading robotics technologies with its mobility expertise. Financial terms were not disclosed.
Under the agreement, Hyundai Motor Group will hold an approximately 80% stake in Boston Dynamics and SoftBank, through one of its affiliates, will retain an approximately 20% stake in Boston Dynamics after the closing of the transaction. Headquartered in Seoul, South Korea, Hyundai Motor Group’s affiliates  ....

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Hyundai Motor Group buys controlling stake in the robotech company Boston Dynamics- Technology News, Firstpost


The acquisition of Boston Dynamics by Hyundai Motor Group raises its valuation to $1.1 billion.
Dec 16, 2020 11:40:34 IST
Hyundai Motor Group and SoftBank Group Corp (SoftBank) on 11 December 2020 announced their acquisition of a controlling stake in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. Financial terms were not disclosed. Under the agreement, Hyundai Motor Group will hold an approximately 80 percent stake in Boston Dynamics and SoftBank, through one of its affiliates, will retain an approximately 20 percent stake in Boston Dynamics after the closing of the transaction.
Hyundai Motor Group s affiliates, namely, Hyundai Motor Co, Hyundai Mobis Co and Hyundai Glovis Co, and Hyundai Motor Group Chairman Euisun Chung respectively participated in the acquisition. ....

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Year in Review: Trade dispute focuses on Asian P/LT tire imports


Year in Review: Trade dispute focuses on Asian P/LT tire imports
Print
The issue of importers allegedly dumping tires in the U.S. at unfair prices has been a hot topic for more than a decade, and 2020 was no different.
This time the main target was imports of passenger and light truck tires from South Korea, Taiwan, Thailand and Vietnam that were accused of being sold in the U.S. at less than fair value.
The United Steelworkers union filed antidumping and countervailing duty petitions May 12 with the Department of Commerce and the International Trade Commission. It alleged dumping margins on these types of tires as high as 217 percent for Thailand, 195 percent for South Korea, 147 percent for Taiwan and 33 percent for Vietnam. ....

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