Uber is in talks to sell its self-driving car division to startup rival Aurora Innovation. TechCrunch report. If it finally becomes a reality, the sale of Uber Advanced Technology Group (UberATG) will mark the end of the bumpy road for the Uber division, which had a market value of $7.25 billion in July last year, but has been plagued by persistent problems.
In March 2019, Uber avoided criminal charges in the death of Elaine Herzberg in Tempe, Arizona in 2018, the first death in history involving a self-driving car. Federal investigators found that Uber and Arizona, the safety driver behind the wheel of the car, were all responsible for the incident. The accident terminated Uber̵
UberATG participated in a trade secret lawsuit with rival Waymo, which is owned by Google’s parent company Alphabet. Uber accidentally resolved the case in February 2018.
According to Uber’s latest earnings report, although its “ATG and other technologies” division had revenue of $25 million in the third quarter, the division’s net loss for the nine months ended September 30 was $303 million. TechCrunch.
Aurora was founded in 2017 by Chris Urmson, the former chief engineer of Google’s autonomous driving project. Most of its energy is devoted to the development of autonomous truck technology. The startup’s latest valuation is approximately $2.5 billion, and Aurora said in July that it is expanding its testing of self-driving cars to Texas.
Uber declined to comment on Saturday. An Aurora spokesperson said in an email edge “We do not comment on rumors or speculation.”
Updated at 12:20 p.m. Eastern Time on November 14: Added replies to requests for comments from Aurora and Uber