Aurora acquires Uber's self-driving cars
Uber is offloading as much as it can as the pandemic continues to decimate demand for ride-hailing.
On Monday, self-driving technology company Aurora announced it was acquiring Uber's Advanced Technologies Group, or ATG, which houses its self-driving vehicle unit.
As part of the deal, Uber is investing $400 million in Aurora, and Uber CEO Dara Khosrowshahi will join the Aurora board. Now, Amazon-backed Aurora is valued at $10 billion.
This hasn't been the only pandemic negotiation from Uber. The company is reportedly in talks with Joby Aviation to take over its Elevate flying taxi division. Back in May, Uber dumped its electric bicycle and scooter rental business, Jump, onto Lime. Now it's ditching its self-driving vehicles. Read more...
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