Uber abandons dreams of self-driving domination, sells self-driving unit
Aurora, one of the nation's leading self-driving startups, will become the new owner of Uber's self-driving division, Aurora announced on Monday. In addition to turning over Uber's self-driving division, known as the Uber Advanced Technology Group (ATG), Uber will also pump $400 million into Aurora.
In exchange, Uber will get a minority stake in Aurora and Uber CEO Dara Khosrowshahi will get a seat on Aurora's board.
The deal allows Uber to unload a self-driving division that has struggled to regain its footing ever since an Uber ATG vehicle struck and killed a pedestrian in March 2018. Uber shut down its on-road testing for several months after that incident, and the program has faced lingering public skepticism ever since. It's not clear if the deal will lead to layoffs at Uber ATG.
