Uber investors demand firm sells its self driving car division
Investors have told Uber Technologies Inc it would be wise to sell off its self-driving car unit. The calls come after it racked up losses of $125 million to $200 million 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. Uber is due to release its second-quarter earnings to investors later on Wednesday. Uber is only just getting its autonomous vehicles back on the road for the first time since one of its driverless cars fatally wounded a pedestrian.
Aug-15-2018, 22:15:35 GMT
- Country:
- North America
- Canada > Ontario
- Toronto (0.05)
- United States
- Arizona (0.06)
- California > San Francisco County
- San Francisco (0.05)
- Pennsylvania > Allegheny County
- Pittsburgh (0.05)
- Canada > Ontario
- North America
- Industry:
- Technology: