HMG News & Analysis
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Hyundai (HMG) to Acquire Boston Dynamics for $325M Stake
Hyundai Motor Group (HMG) plans to acquire SoftBank Group's remaining stake in Boston Dynamics for approximately $325 million, which represents a 9.9% holding in the robotics firm. This acquisition follows SoftBank's decision to exercise its put option. HMG aims to enhance its robotics capabilities and deepen collaboration with Boston Dynamics as part of its long-term strategy. The deal will support HMG's goals in AI-driven robotics technology and smart factory initiatives, including the deployment of the Atlas humanoid robot at HMG Metaplant America starting from 2028.
Read More: Hyundai (HMG) to Acquire Boston Dynamics for $325M Stake
Huey Magoo’s (HMG) unveils smaller drive-thru prototype with 40% cost cut
Huey Magoo’s (HMG) introduced a new drive-thru-only prototype with a 1,850ft² interior aimed at reducing construction costs by 40%. The design accommodates seating for 37 customers indoors and 18 outdoors, fitting on standard half-acre plots. This new model is more space-efficient than their previous 2,600ft² format, which housed 42 seats. The initiative follows their 2025 rollout of a 1,500ft² prototype and a recent 15-unit development agreement with SMR Capital Group in Texas. By creating a scalable design, Huey Magoo’s aims to enhance franchise opportunities amidst rising costs.
Read More: Huey Magoo’s (HMG) unveils smaller drive-thru prototype with 40% cost cut