Hyundai's eVTOL startup Supernal pauses work following executive departures, TechCrunch reports
ReutersSep 7, 2025 7:46 PM
Sept 7 (Reuters) - Hyundai's 011760.KS electric air taxi startup Supernal has paused work on its aircraft program after recent staff cuts and the departure of its CEO and chief technology officer, TechCrunch reported on Sunday, citing two people familiar with the matter.
Supernal announced the departure of CEO Jaiwon Shin late last week. David McBride, the CTO, has also left, the report said, citing people familiar with the matter.
Reuters could not immediately verify the report.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Japan Q2 GDP Commentary: Growth Revised Upward, Yen May Rise
TradingKey - On 8 September 2025, Japan released the revised Q2 GDP figures. The data showed that real GDP grew by 0.5% quarter-on-quarter, surpassing market expectations of 0.3% and the previous quarter’s 0% growth.TradingKey
5 hours ago
Fed Rates to Cut: How Will Multi-Asset Prices Move?
Currently, against the backdrop of a weakening labour market and inflation meeting expectations while remaining manageable, the Federal Reserve is anticipated to restart its rate-cutting cycle on 17 September 2025. This article analyses the impact of this round of rate cuts on U.S. equities, cryptocTradingKey
6 hours ago
Why Are Bitcoin Prices Still Sluggish Despite Soaring Fed Rate Cut Expectations?
Persistent inflation is capping risk appetite, and whales are offloading Bitcoin en masse. Has the market already priced in a September rate cut?TradingKey
7 hours ago
Unlocking Gold’s Next Leg: $4,000 in Reach by 2025？
TradingKey - Gold has kicked off a fresh uptrend in early September, breaking out of months of compression and reclaiming key territory. The decisive move above $3,500 establishes a new support base and puts higher objectives back on the table for the weeks aheadTradingKey
Thu, Sep 4
US NFP Nightmares Preview: A Tiny August Revision, a Huge Annual Benchmark Cut And a Fed in Flux
TradingKey - Wall Street expects modest job growth and a rebound in the unemployment rate in August NFP report, a balanced outcome that could support a September rate cut. However, a massive downward revision — a “terrifying scene” — and anomalies on the supply side could plunge the Fed into deeperTradingKey
Wed, Sep 3
 (1).jpg)
Tradingkey
