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Startups & Tech

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

Published Wed, Aug 15, 2018 · 03:42 PM
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[BENGALURU] Investors have told Uber Technologies it would be wise to sell off its self-driving car unit after it racked up losses of US$125 million to US$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.

REUTERS

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