Hyundai's $7.4 Billion Flying Taxi Ambitions Stalled by Leadership Changes

Reported about 5 hours ago

Hyundai's Supernal startup has halted its flying taxi program following the exits of CEO Jaiwon Shin and CTO David McBride, creating turbulence for the company's $7.4 billion vision for advanced air mobility. Despite recent test flights and plans for a 2028 commercial launch, Supernal is now reassessing its direction amidst staff cuts and a shift in leadership strategy. While facing regulatory hurdles, Hyundai remains committed to investing in sustainable air mobility solutions.

Source: YAHOO

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