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Do you think Uber teaming up with Toyota is an admission that Uber could not build their own autonomous vehicles?

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mboscorelli
250 Rider
 Posted 1 year, 9 months ago

Many said it was suicide for Uber to take on Google and other gigantic car manufacturers.  Uber saw itself as a "technology" company, invested a lot into their AV unit, and tried to take on the manufacturing.  With the fatal accident and the media backlash they received, no one was sure of its fate.  Then the investors started complaining how they need to stop hemorrhaging money on this AV unit.      Then hthis article comes out:

https://ride.guru/lounge/p/can-a-toyota-deal-save-ubers-robotaxi-dreams-and-ceos-ipo-hopes-forbes

Smart move?

Comments

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    RedANT
    1075 Rider Driver
     1 year ago

    This is but a small investment for a company like Toyota, and potentially opens the door for huge sales to Uber. 

    Uber has what, 200,000 drivers?  If self driving cars were to even remotely become reality, Uber would need to purchase tens of thousands of vehicles every year.  If Uber fails miserably to get their self driving cars operating, then Toyota may have positioned themselves to acquire that "technology" and adopt/adapt/compete with their own self driving tech.  What is a $500 Million investment when considering the overall potential sales?