Uber told by investors to sell self-driving unit: The Information


(FILES) This file photo taken on September 13, 2016 shows pilot models of the Uber self-driving car at the Uber Advanced Technologies Center in Pittsburgh, Pennsylvania. Uber has grounded its fleet of self-driving cars pending an investigation into the crash of an Uber autonomous vehicle in Arizona, a spokesperson for the car-hailing service said on March26, 2017. No one was seriously injured in the accident which occurred on March 24 in Tempe, Arizona, while the vehicle -- a Volvo SUV -- was in self-driving mode, the company said. / AFP PHOTO / Angelo Merendino

Investors have told Uber Technologies Inc it would be wise to sell off its self-driving car unit after it racked up losses of US$125mil (RM512.43mil) to US$200mil (RM819.90mil) each quarter for the past 18 months, tech news site The Information reported on Wednesday, citing an unnamed person familiar with the issue.

Uber did not immediately respond to a Reuters request for comment.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Uber

   

Next In Tech News

Atos creditors reach deal to rescue debt-laden group, La Tribune says
In an online world, a new generation of protesters chooses anonymity
After two winsome Ori games, a pivot into dark fantasy
Teenager in China dies of heart attack after teacher forces her to exercise, insists illness is ‘fake’, delays first aid, enrages mainland social media
NoSpace is Gen Z’s answer to MySpace
What if customers were rewarded for tipping their meal delivery drivers?
Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows
Exclusive-Stanford AI leader Fei-Fei Li building 'spatial intelligence' startup
Tech platforms make pitch for ad deals as TikTok is roiled by politics
Intesa targets new digital-only clients after antitrust blow

Others Also Read