Uber sells its self-driving vehicle division

A parking lot full of Uber self-driving Volvos in Pittsburgh. Uber is selling off its autonomous vehicles development arm as it slims down after its revenues were battered by the coronavirus pandemic (Gene J. Puskar/AP)

Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummelled by the coronavirus pandemic.

Self-driving vehicle technology company Aurora will acquire the employees and technology behind Uber’s Advanced Technologies Group in a stock transaction, the companies said on Monday.