Uber advised to sell off its self-driving unit after incurring losses of up to $200 mn

Uber advised to sell off its self-driving unit after incurring losses of up to $200 mn

Reuters August 16, 2018, 07:44:47 IST

Uber is due to release its second-quarter earnings to investors.

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Uber advised to sell off its self-driving unit after incurring losses of up to $200 mn

Investors have told Uber Technologies Inc  it would be wise to sell off its self-driving car unit after it racked up losses of $125 million to $200 million each quarter for the past 18 months, tech news site The Information reported on 15 August, citing an unnamed person familiar with the issue.

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Uber did not immediately respond to a Reuters request for comment.

The logo of Uber is pictured during the presentation of their new security measures in Mexico City, Mexico April 10, 2018. REUTERS/Ginnette Riquelme - RC1D5529D940

Uber is due to release its second-quarter earnings to investors later on Wednesday.

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