{"id":128578,"date":"2020-12-08T01:10:04","date_gmt":"2020-12-07T22:10:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uber-sells-its-self-driving-car-business-for-4-billion\/"},"modified":"2020-12-08T01:10:04","modified_gmt":"2020-12-07T22:10:04","slug":"uber-sells-its-self-driving-car-business-for-4-billion","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uber-sells-its-self-driving-car-business-for-4-billion\/","title":{"rendered":"#Uber sells its self-driving car business for $4 billion"},"content":{"rendered":"

“#Uber sells its self-driving car business for $4 billion<\/strong>”
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Uber is out of the self-driving vehicle game<\/a>. <\/p>\n

The ride-hail giant on Monday announced that it sold its Advanced Technologies Group to self-driving car startup Aurora for $4 billion, ridding itself of a source of major cash burn. <\/p>\n

Along with the sale \u2014 which represents a major discount from the $7.25 billion valuation the division had just last year \u2014 Uber will invest $400 million in Aurora, giving it a 26 percent stake in the company. <\/p>\n

Uber and Aurora will additionally enter into a deal to launch self-driving vehicles on Uber\u2019s ride-hailing network, the companies said. <\/p>\n

The sale will accelerate Uber\u2019s goal to achieve profitability on an adjusted basis by the end of 2021, CEO Dara Khosrowshahi told Reuters.<\/p>\n

\u201cThis essentially advances our path to profitability,\u201d Khosrowshahi said. <\/p>\n

Uber had been in talks with Aurora since October. Once the jewel of Uber\u2019s business, ATG has struggled of late to make meaningful advances, and faces intense competition from Alphabet-owned Waymo and App<\/a>le\u2019s autonomous vehicle efforts.<\/p>\n

Shares of Uber, which were down 1.9 percent Monday, slipped an additional 0.5 percent in extended trading to $53.54.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Uber sells its self-driving car business for $4 billion” Uber is out of the self-driving vehicle game. The ride-hail giant on Monday announced that it sold its Advanced Technologies Group to self-driving car startup Aurora for $4 billion, ridding itself of a source of major cash burn. Along with the sale \u2014 which represents a…<\/p>\n","protected":false},"author":1,"featured_media":128579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/12\/Autonomous-Uber.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[82891,1450],"class_list":["post-128578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-12-7-20","tag-uber"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/128578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=128578"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/128578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/128579"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=128578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=128578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=128578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}