17 Articles
Official
Uber sells ATG self-driving business to Aurora in deal valued at $4 billion

The division was considered worth nearly twice that amount last year

(Reuters) -Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company's goal to achieve profitability. The equity deal valued the ATG at $4 billion, according to people familiar with the matter. This marks a major drop in valuation for ATG, as it raised $1 billion from a consortium of investors including Toyota Motor Corp and Soft

Report
Uber in talks to sell ATG self-driving unit to Aurora

Uber Advanced Technologies Group was valued at $7.25 billion 18 months ago

Eighteen months ago, Uber’s self-driving car unit, Uber Advanced Technologies Group, was valued at $7.25 billion following a $1 billion investment from Toyota, DENSO and SoftBank’s Vision Fund. Now, it’s up for sale and a competing autonomous vehicle technology startup is in talks with Uber to buy it, according to three sources familiar with the deal. Aurora Innovation, the startup founded by three veterans of the autonomous vehicle industry who led programs at Google, Tesla and Uber, is in

Aurora Racing preps GT1-spec Alpina B6

What you see above is a BMW 6 Series - but just barely. Since leaving Munich, it's been transformed into the B6 by Alpina, then into the race-spec B6 GT3, and is now in the process of being converted to top-tier GT1 spec by yet another company, Aurora Racing Designs.

Odysseus: a Z-shaped solar aircraft, built for DARPA

DARPA, the U.S. Defense Advanced Research Projects Agency, has set a seemingly impossible task, known as the Vulture program, by calling for an aircraft which can remain in the sky for five years while generating five kilowatts of power for a 1,000 pound payload. The Odysseus by Aurora Flight Sciences, which h

Autoblog RR of the Day: Final 500 2003 Oldsmobile Aurora

While in Paris, Eric Bryant and I spent a lot of time pounding the pavement on the streets of Paris and talking all things autos. Invariably we touched upon Oldsmobile's demise, the reliving of which inspired today's RR of the Day. Owned by a 20-something Flickr member who goes by the handle madeindetroit_2006, this 2003 Oldsmobile Aurora is one of the Final 500, the last half-thou of Auroras built at GM's Orion, Michigan plant. It features the 4.0-liter John Neff