Philip Morris – Aurora To Purchase Uber’s Self-driving Unit
(RTTNews) – Self-driving automobile expertise firm Aurora agreed to purchase Uber’s self-driving unit, Superior Applied sciences Group.
After the deal, Aurora will likely be worth $10 billion and Uber will maintain 26% stake within the firm, stories quoting Aurora CEO Chris Urmson as saying.
As well as, Aurora mentioned it has partnered with Uber to attach its expertise with ride-hailing platform.
In line with Aurora, Superior Applied sciences Group will strengthen and speed up the primary Aurora Driver functions for heavy-duty vehicles whereas permitting Aurora to proceed and speed up its work on light-vehicle merchandise.
Uber may also make investments $400 million in Aurora and Uber CEO Dara Khosrowshahi will be a part of Aurora’s board.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.