financetom
Business
financetom
/
Business
/
Uber commits $10 billion to robotaxis in strategy shift, FT says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Uber commits $10 billion to robotaxis in strategy shift, FT says
Apr 14, 2026 9:26 PM

April 15 (Reuters) - Uber ( UBER ) has committed more than $10 billion to buying thousands of autonomous vehicles and taking stakes in their developers, breaking from its asset-light "gig economy" business model to avoid disruption from robotaxis, the Financial Times reported on Wednesday.

Reuters could not immediately verify the report.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ufp Technologies Insider Sold Shares Worth $14,199,728, According to a Recent SEC Filing
Ufp Technologies Insider Sold Shares Worth $14,199,728, According to a Recent SEC Filing
Aug 16, 2024
03:27 PM EDT, 08/16/2024 (MT Newswires) -- R Jeffrey Bailly, Director, CEO, on August 14, 2024, sold 44,813 shares in Ufp Technologies ( UFPT ) for $14,199,728. Following the Form 4 filing with the SEC, Bailly has control over a total of 90,044 shares of the company, with 90,044 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/914156/000106299324015260/xslF345X03/form4.xml Price: 325.69, Change: +3.77, Percent Change:...
Exclusive-Boeing, Lockheed Martin in talks to sell ULA to Sierra Space
Exclusive-Boeing, Lockheed Martin in talks to sell ULA to Sierra Space
Aug 16, 2024
WASHINGTON (Reuters) - Boeing ( BA ) and Lockheed Martin ( LMT ) are in talks to sell their rocket-launching joint venture United Launch Alliance to Sierra Space, two people familiar with the discussions said. A deal to sell ULA, a major provider of launch services to the U.S. government and a top rival to Elon Musk's SpaceX, would mark...
US State Dept OKs potential sale of tactical missiles to Canada
US State Dept OKs potential sale of tactical missiles to Canada
Aug 16, 2024
WASHINGTON, Aug 16 (Reuters) - The U.S. State Department approved a foreign military sale to Canada of tactical missiles and related support for $264.6 million, the Pentagon said on Friday. The principal contractor for the AIM-9X Sidewinder Block II+ and Block II tactical missiles will be RTX Corp ( RTX ), the Pentagon said in a statement. ...
Group 1 Automotive Insider Sold Shares Worth $421,193, According to a Recent SEC Filing
Group 1 Automotive Insider Sold Shares Worth $421,193, According to a Recent SEC Filing
Aug 16, 2024
03:23 PM EDT, 08/16/2024 (MT Newswires) -- Michael David Jones, Senior Vice President, Aftersales, on August 15, 2024, sold 1,200 shares in Group 1 Automotive ( GPI ) for $421,193. Following the Form 4 filing with the SEC, Jones has control over a total of 9,742 shares of the company, with 9,742 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1031203/000112760224022341/xslF345X03/form4.xml Price: 355.26,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved