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Uber in talks with Aurora to sell its autonomous car division

Correspondent
By Correspondent
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Uber is reportedly in talks with startup competitor Aurora Innovation to sell its autonomous vehicle division, TechCrunch reported. Uber Advanced Technologies Group (UberATG) was valued at $7.25 billion on last July, but has been facing problems.

According to Uber’s most recent earnings report, the segment saw a net loss of $303 million for the nine months ended September 30th.

UberATG was involved in a trade secrets lawsuit with competitor Waymo, owned by Google parent company Alphabet. Uber settled the case unexpectedly in February of 2018.

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