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Delphi, the autoparts company, is buying self-driving car company NuTonomy for $400 million (plus $50 million in earn outs), the companies revealed on Tuesday. The purchase will double the number of people Delphi has working on autonomous vehicles to 200.

Why this matters: The acquisition is a clear bid to help the companies get ahead in the self-driving car race. In a similar spirit to General Motors' acquisition of Cruise last year, this deal unites a company on the car manufacturing side with an upstart that's been focused on the autonomous driving software side of things. Plus, the companies both already have pilots in Singapore and soon Boston. This is Delphi's second acquisition of an autonomous driving startup—it acquired Ottomatika in 2015.

Founded in 2013 as a spin-out from MIT, Boston-based nuTonomy has raised nearly $24 million in funding from Fontinalis Partners, Trucks Venture Capital, Highland Capital Partners, Signal Ventures, Bill Ford, and the government of Singapore, among others. The acquisition will not impact existing partnerships, such as nuTonomy's deals with Lyft and Grab.

Go deeper

2 hours ago - Podcasts

Former Georgia Gov. Roy Barnes on the Senate runoffs

The future of U.S. politics, and all that flows from it, is in the hands of Georgia voters when they vote in two Senate runoffs on January 5.

Axios Re:Cap digs into the election dynamics with former Georgia Gov. Roy Barnes, a Democrat who served between 1999 and 2003.

2 hours ago - Health

Cuomo orders emergency hospital protocols as COVID capacity dwindles

Gov. Andrew Cuomo. Photo: Lev Radin/Pacific Press/LightRocket via Getty Images

New York Gov. Andrew Cuomo said on Monday that struggling state hospital systems must transfer patients to sites that are not nearing capacity, as rising coronavirus cases and hospitalizations strain medical resources.

Why it matters: New York does not expect to get the same kind of help from thousands of out-of-state doctors and nurses that it got this spring, Cuomo acknowledged, as most of the country battles skyrocketing COVID hospitalizations and infections.

Arizona certifies Biden's win

Photo: Demetrius Freeman/The Washington Post via Getty Images

Arizona officials certified the state's presidential election results on Monday, paving the way for President-elect Joe Biden to be awarded its 11 electoral votes.

Why it matters: The move deals yet another blow to President Trump's efforts to block or delay certification in key swing states that he lost. Biden beat the president in Arizona by more than 10,000 votes.