Motional puts robotaxi deployment on back burner, to focus on technology development [Yahoo! Finance]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
The development comes ahead of electric carmaker Tesla's unveiling of its robotaxi, dubbed "Cybercab", on Aug. 8 and as legacy automakers limit spending on expensive autonomous driving technology in the face of regulatory and safety hurdles. Auto parts supplier Aptiv said last week it would sell its stake in Motional, its joint venture with Hyundai Motor , while the Korean automaker will fund the startup with additional $475 million. "Large-scale driverless deployment will not happen overnight. Driverless vehicles will enter the market when the technology has evolved and – just as importantly – when the business case for autonomous deployment is clear," CEO Karl Iagnemma said in a blog post. As part of Motional's restructuring process, the startup said it would reduce workforce, focus resources on developing and generalizing its driverless technology "while de-emphasizing near-term commercial deployments and ancillary activities". The company declined to provide the numbers o
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UBER
Earnings
- 5/8/24 - Miss
UBER
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 144
- 5/15/24 - Form 4
- UBER's page on the SEC website