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Benzinga
Benzinga
Business
Paula Tudoran

Hyundai's $7.4B Vision For Flying Taxis Hits A Wall As Supernal Halts Work After CEO And CTO Exit

Hyundai Supernal David McBride TechCrunch EA SPORTS Motional Aptiv CES United States
Saint,Petersburg,,Russia,,23,Jule,2024:,Facade,Of,Hyundai,Car

The dream of futuristic air taxis under Hyundai faces turbulence after its Supernal startup paused work on its aircraft program following the departures of CEO Jaiwon Shin and Chief Technology Officer David McBride.

The pause follows staff cuts earlier this summer and the abrupt winding down of its headquarters in 2024. Supernal's eVTOL aircraft program, once propelled by ambitious test flights and a 2028 launch goal, now faces a reassessment under new leadership, according to TechCrunch.

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