November 27, 2013

The Palo Alto, California-based startup, which is already testing vehicles in the San Francisco Bay Area and Pittsburgh, said in July it was expanding testing and development of its vehicles to the Dallas-Fort Worth area in Texas. (Reuters) -Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the … (Reuters) - Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the … Uber is also working on building out its freight logistics platform but is not operating its own trucks at present. Dara Khosrowshahi is also joining the startup's board of directors. This page is for personal, non-commercial use. Check your in-box to get started. News, Reviews, Photos, Videos delivered straight to your in-box. Thanks for subscribing. You may order presentation ready copies to distribute to your colleagues, customers, or clients, by visiting http://www.autobloglicensing.com. Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company's goal to achieve profitability. After being shopped around, ATG’s top suitor is also a key competitor: Aurora Innovation. More recently, a federal judge sentenced Anthony Levandowski, the company’s former self-driving lead, to 18 months in prison for stealing trade secrets from his former employer, Waymo. "If the technology becomes real, I think our investment will be money good and then some," he said. And free is good, right? Uber’s victory in California could have ramifications in other states as it seeks ways to lower its labor costs. We’re looking for world-class researchers, engineers, and product specialists who prioritize safety and want to join our mission to bring safe, reliable self-driving transportation to everyone, everywhere. Robot taxis will come later, with Uber licensing the tech from Aurora. Now, it’s up for sale and a competing autonomous vehicle technology startup is in talks with Uber to buy it, according to three sources familiar with the deal. Ride-hailing giant, Uber, has announced the sale of its self-driving unit, Uber Advanced Technologies Group (ATG), to another self-driving company called Aurora at $4billion. Following the sale announced on Monday, Uber is also investing $400 million in Aurora, which with the acquisition is valued at $10 billion, the sources added. Following the sale announced on Monday, Uber is also investing $400 million in Aurora, which values Aurora at $10 billion, the people added. Uber and Aurora will enter into a collaboration agreement to launch self-driving vehicles on the Uber ride sharing network. It only takes a few seconds. We get it. Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company’s goal to achieve profitability. As rumored earlier, Uber UBER has sold their ATG self-driving unit … The equity deal valued the ATG at $4 billion, according to people familiar with the matter. This was disclosed in an announcement by Reuters on Monday evening. The equity deal valued the ATG at $4 billion, according to sources familiar with the matter. Once worth over $7B, this sale would come almost three years after Uber's autonomous driving ambitions were … Uber's partnership with Aurora is not exclusive. Uber sells ATG self-driving business to Aurora at $4 billion. In 2018, one of Uber’s test vehicles struck and killed a pedestrian in Arizona. Last year Toyota, Softbank and Denso teamed up to invest $1 billion in Uber ATG in a deal that valued the self-driving focused spinoff at $7.25 billion. It’s not surprising Uber eventually came to the decision to stop working on autonomous vehicles. An Uber-owned AV struck and killed a pedestrian in Tempe, AZ two years ago, an incident that led the National Transportation Safety Board (NTSB) to say the company had an "inadequate safety culture."." All rights reserved. As part of the deal, Uber will invest $400 million in Aurora, with CEO Dara Khosrowshahi joining the startup’s board of directors. There could be more belt-tightening in Uber’s future as it attempts to find a path to profitability. [NEW YORK] Uber Technologies is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company's … You must have JavaScript enabled to experience the new Autoblog. On Monday, the company confirmed the sale of its Advanced Technologies Group (ATG) to … His next move, according to TechCrunch, could be a sale of Ubers autonomous-vehicle unit, the Advanced Technologies Group (ATG). The likeliest buyer is the startup Aurora Innovation, which is backed by Amazon and helmed by Google’s former self-driving chief, Chris Urmson. Uber has put Advanced Technologies Group, its autonomous driving division, on the chopping block, reports TechCrunch. On Monday, the company confirmed the sale of its Advanced Technologies Group (ATG) to Aurora Innovation, one of its now previous competitors in the autonomous vehicle space. (Reuters) - Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company's goal to achieve profitability. Effectively, Uber is paying Aurora to take the division off its hands. “Simply put, Aurora will be the company best positioned to deliver the self-driving products necessary to make transportation and logistics safer, more accessible, and less expensive.”. But Uber has been seeking options for its autonomous vehicle division, a cash-burn machine, including more outside investment, as Khosrowshahi refocused on core businesses including ride-hailing and food delivery since the pandemic hit. The 4-1-1: Aurora was co-founded by Chris Urmson, a former lead engineer for Google’s own self-driving project. Uber sells ATG self-driving business to Aurora at $4 billion. Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company’s goal to achieve profitability. As expected, Uber is selling off its self-driving unit. This marks a major drop in valuation for ATG, as it raised $1 billion from a consortium of investors including Toyota Motor Corp and SoftBank Group Corp at a valuation of $7.25 billion last year. Aurora is among dozens of startups, automakers and large technology companies working on self-driving car systems, eager to capitalize on a sea change in the transportation industry. At Uber ATG, we are dedicated to making every mile we drive on the track and on public roads count. 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