[ad_1]
A Peterbilt 579 truck geared up with Aurora’s self-driving system is seen on the firm’s terminal in Palmer, south of Dallas, Texas, U.S. September 23, 2021. Image taken September 23, 2021. REUTERS/Tina Bellon
Register now for FREE limitless entry to Reuters.com
Sept 2 (Reuters) – Aurora Innovation Inc (AUR.O) Chief Govt Chris Urmson not too long ago laid out a sequence of choices for the self-driving firm to fight difficult market situations, together with a doable sale to Apple Inc (AAPL.O) or Microsoft Corp (MSFT.O), Bloomberg Information reported on Friday.
Shares of Aurora jumped 14.7% to $2.42 in afternoon buying and selling.
Urmson, who co-founded Aurora after working Google’s self-driving automotive challenge, additionally floated measures together with value cuts, taking the corporate personal and spinning off property, the report mentioned, citing an inside memo. (https://bloom.bg/3ReFDgP)
The corporate, which has a market capitalization of about $2.4 billion, didn’t instantly reply to a Reuters request for remark.
It has partnerships with firms corresponding to Volvo, Toyota, FedEx (FDX.N) and Uber (UBER.N).
Register now for FREE limitless entry to Reuters.com
Reporting by Eva Mathews in Bengaluru; Enhancing by Devika Syamnath
Our Requirements: The Thomson Reuters Trust Principles.
[ad_2]
Source link
