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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Toyota Motor Corporation    7203   JP3633400001

TOYOTA MOTOR CORPORATION

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Uber looks to partner with other self-driving companies -CEO

11/18/2020 | 02:08pm EST

Nov 18 (Reuters) - Uber Technologies Inc's self-driving unit is looking to partner with other companies working on autonomous driving, the company's chief executive officer said on Wednesday.

"Our view is that we will partner with other autonomous providers over a period of time," Dara Khosrowshahi said at the RBC Capital Markets conference when asked about reports Uber is looking to sell its autonomous driving unit, Advanced Technologies Group (ATG).

He said Uber could offer competitors, who have poured billions of dollars into the development of robotaxis, a large customer base and valuable data on profitable routes generated through its ride-hailing business.

Reuters last week reported that Uber is in ongoing talks to sell its ATG unit to self-driving car startup Aurora, as Uber was seeking options for the costly unit, with fully automated vehicles still several years away.

Khosrowshahi declined to directly comment on the reports, but said Uber was looking to create an open network and fund ATG both internally and externally.

"We're going to be pursuing all paths forward here," the CEO said.

Khosrowshahi in May said Uber was open to using technology from competitors in the industry.

ATG has received roughly $1 billion in funding from external investors, including Toyota Motor Corp and Softbank Group Corp, and was valued at $7.25 billion earlier this year.

Khosrowshahi said fully automated vehicles that no longer require any human supervision were still ten to 15 years away and their progress dependent on local regulation. (Reporting by Tina Bellon in New York Editing by Chris Reese and Alexandra Hudson)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
TOYOTA INDUSTRIES CORPORATION 1.43% 8500 End-of-day quote.3.79%
TOYOTA MOTOR CORPORATION 0.75% 7744 End-of-day quote.-2.68%
UBER TECHNOLOGIES, INC. -1.05% 55.79 Delayed Quote.10.55%
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Financials
Sales 2021 26 040 B 252 B 252 B
Net income 2021 1 523 B 14 715 M 14 715 M
Net Debt 2021 15 002 B 145 B 145 B
P/E ratio 2021 14,5x
Yield 2021 2,89%
Capitalization 21 652 B 209 B 209 B
EV / Sales 2021 1,41x
EV / Sales 2022 1,26x
Nbr of Employees 359 542
Free-Float 62,2%
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Toyota Motor Corporation Technical Analysis Chart | 7203 | JP3633400001 | MarketScreener
Technical analysis trends TOYOTA MOTOR CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 8 122,22 JPY
Last Close Price 7 744,00 JPY
Spread / Highest target 24,0%
Spread / Average Target 4,88%
Spread / Lowest Target -27,7%
EPS Revisions
Managers and Directors
NameTitle
Akio Toyoda President, CEO & Representative Director
Takeshi Uchiyamada Chairman
Kenta Kon Chief Financial Officer
Seiji Sakai Manager-Information Systems & IT Management
Masahito Maeda Chief Technology Officer
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