• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Hilton received 12,000 Gen Z applications for just 72 internship spots—its CHRO says AI has made the hospitality gigs more competitive

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Hilton received 12,000 Gen Z applications for just 72 internship spots—its CHRO says AI has made the hospitality gigs more competitive

Uber May Be Preparing to Spin Off Its Self-Driving Car Unit

By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
October 17, 2018, 10:18 AM ET
Google source logo
Add Fortune on Google for similar content.

Uber is considering spinning off its self-driving car unit, but still retaining control, according to a new report.

The ride-hailing company is mulling the possibility of spinning off the self-driving car unit into its own entity and taking investments from outside parties that would get a minority stake in the business, the Financial Times reports, citing sources. Those investments would help the company defray the high cost of developing autonomous vehicle technology, but wouldn’t be large enough for those small investors to wrest control over the company from Uber, according to the report.

Uber has been one of the more vocal proponents of self-driving cars and the opportunities they present in the mobility industry. The company has a slew of licenses to test the technology, but it’s also in a tough battle for supremacy in that market against major companies like Alphabet’s Waymo, General Motors, and Apple.

Spinning off the self-driving unit could help to get the division’s costs off Uber’s books. It could also reduce some risk investors are concerned about if self-driving car technology, which is still in its testing phases, doesn’t work as well as people have hoped.

For its part, Uber is signaling that self-driving car technology is important to its business. In a statement to Fortune, an Uber spokesperson said that “shared self-driving cars will ultimately make transportation safer, more efficient, and more affordable for riders on the Uber network.” The spokesperson added that Uber is “committed to supporting” its Advanced Technologies Group, which is working on self-driving cars.

About the Author
By Don Reisinger
See full bioRight Arrow Button Icon

Latest in


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.