Bringing The World Home To You

© 2024 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton 94.1 Lumberton 99.9 Southern Pines 89.9 Chadbourn
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

After Once Touting Self-Driving Cars, Uber Sells Unit To Refocus On Core Businesses

An Uber sticker is seen on a car at the start of a protest by ride share drivers on Aug. 20, in Los Angeles. Uber said it will sell its self-driving research unit to startup Aurora.
Robyn Beck
/
AFP via Getty Images
An Uber sticker is seen on a car at the start of a protest by ride share drivers on Aug. 20, in Los Angeles. Uber said it will sell its self-driving research unit to startup Aurora.

Ride-hailing giant Uber is selling its autonomous vehicle research unit, Advanced Technologies Group, to the self-driving startup Aurora.

It's a significant symbolic shift for a company that just a few years ago promoted the development of self-driving technology as key to its long-term profitability.

Uber hasn't given up on the promise of autonomous vehicles. But after investing billions of dollars, it is now going to outsource that expensive effort.

Aurora, a startup founded by former Tesla, Uber and Google executives, is prioritizing self-driving technology for the commercial trucking sector over robotaxi systems.

Uber will also be investing $400 million in Aurora, in addition to transferring its ATG research group, Aurora said in a statement.

Uber has lost money since it was founded, and a highly anticipated IPO did not fare as well as expected.

Uber's self-driving technology also courted controversy after a high-profile fatal accidentin Arizona.

As the company continues to chase profitability, it appears to be refocusing attention on its core businesses — ride-hailing and food deliveries. Earlier this year, it sold its scooter and electric bike division to a micromobility company.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Tags
Camila Flamiano Domonoske covers cars, energy and the future of mobility for NPR's Business Desk.
More Stories