scorecardresearch
Friday, Dec 02, 2022

Uber ‘on track’ for IPO in 2019, no plans to sell tech unit: CEO

Uber is "quite optimistic" it can resume testing of self-driving cars later this year after a fatal crash involving an autonomous Uber car in Tempe, Arizona in March, CEO Dara Khosrowshahi has said.

Uber IPO 2019, Uber self-driving cars, Dara Khosrowshahi Uber, autonomou vehicles, Uber car crash, self-driving technology, Uver vs Lyft, Uber crash probe Khosrowshahi said Uber is “in process of working with a number of authorities to resolve these investigations” but he did not think resolving those probes would be a factor in the IPO’s timing. (Image Source: Bloomberg)

Uber Technologies Inc is on track to go public next year and has no plans to sell its self-driving car research arm, Chief Executive Dara Khosrowshahi said on Wednesday. The ride-hailing company will not sell its Advanced Technologies Group “at this time,” he told Reuters in an interview after a media event to unveil changes to improve the safety of drivers and riders.

“Ultimately, it is a big asset that we are building and we can monetize that in whatever way we want to. It’s not something we’re thinking about it at this point,” he added. Uber is “quite optimistic” it can resume testing of self-driving cars later this year after a fatal crash involving an autonomous Uber car in Tempe, Arizona in March, Khosrowshahi said. Federal regulators are investigating the crash. Advanced Technologies Group will “absolutely” be a part of Uber after the initial public offering, but it will also partner with other companies that are building self-driving technology, he added. “We want to get the technology ready for prime time as soon as possible,” he said.

  • Next Story

    Section 377 verdict: Shashi Tharoor says it’s about freedom of Indian citizens, not just about sex

    Latest Comment
    Post Comment
    Read Comments
    Advertisement
    Advertisement
    Advertisement
    Advertisement
    close