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        <title><![CDATA[Uber reportedly in talks to sell its autonomous vehicle business]]></title>
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            <media:title type="html">Uber reportedly in talks to sell its autonomous vehicle business</media:title>
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						<p>Uber may be close to waving the white flag on its autonomous driving ambitions.</p>
<p>The ride-hail giant is reportedly in talks to sell its Advance Technologies Group — which has been beset by infighting and setbacks — to self-driving car startup Aurora.</p>
<p>The talks have been ongoing since October, <strong>TechCrunch reports</strong>, though there is no certainty a deal will be reached. Uber is also considering taking a stake in the new company if Aurora takes over ATG.</p>
<p>Just last year, Uber&#8217;s ATG had raised $1 billion at a $7.25 billion valuation. But the business arm has struggled to make meaningful advances, and faces intense competition from Alphabet-owned Waymo and Apple&#8217;s autonomous vehicle efforts.</p>
<p>Uber has of late been exploring options for ATG, a heavy cash burn machine, including seeking more outside investment as the pandemic has forced CEO Dara Khosrowshahi to focus on core businesses including ride-hailing and food delivery.</p>
<p>ATG is still recovering from 2018 accident which saw a pedestrian killed by a self-driving Uber in Arizona, with some workers believing the division&#8217;s renewed focus on safety is slowing down progress, according to a <strong>September report</strong>.</p>
<p>Aurora is among dozens of startups, automakers and large technology companies working on self-driving car systems, eager to capitalize on a sea change in the transportation industry.</p>
<p>The startup, which is already testing its vehicles in the San Francisco Bay Area and Pittsburgh, in July said it was expanding testing and development of its vehicles to Dallas-Fort Worth Area in Texas.</p>
<p>Shares of Uber were up 3.7 percent Monday morning, at $49.38.</p>
<p>Uber and Aurora declined to comment.</p>
<p><em>With Post wires.&nbsp;</em></p>
			
					
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                <dc:creator><![CDATA[GAGmen]]></dc:creator>
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