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Commercial Vehicles
(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. The equity deal valued the ATG at $4 billion, according to people familiar with the matter. This marks a major drop in valuation for ATG, as it raised $1 billion from a consortium of investors including Toyota Motor Corp and Soft
Continue reading Uber sells ATG self-driving business to Aurora in deal valued at $4 billion
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Uber sells ATG self-driving business to Aurora in deal valued at $4 billion
