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Uber told by investors to sell self-driving unit - The Information

Uber told by investors to sell self-driving unit - The Information
The logo of Uber is pictured during the presentation of their new security measures in Mexico City, Mexico April 10, 2018. REUTERS/Ginnette Riquelme   -   Copyright  Ginnette Riquelme(Reuters)
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(Reuters) – 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 (98.2 million pounds) to $200 million (157.2 million pounds) each quarter for the past 18 months, tech news site The Information reported on Wednesday, citing an unnamed person familiar with the issue.

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

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

(Reporting by Arjun Panchadar in Bengaluru; editing by Patrick Graham)

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