Skip to main content

Uber abandons dreams of self-driving domination, sells self-driving unit

posted onDecember 8, 2020
by l33tdawg
Arstechnica
Credit: Arstechnica

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.

Source

Tags

Industry News

You May Also Like

Recent News

Friday, November 8th

Friday, November 1st

Tuesday, July 9th

Wednesday, July 3rd

Friday, June 28th

Thursday, June 27th

Thursday, June 13th

Wednesday, June 12th

Tuesday, June 11th

Friday, June 7th