Business, Technology, Autonomous

Yandex, Uber to Spin Off Self-Driving Cars Into New Company

Yandex and Uber plan to spin off their self-driving cars into a new company. Self-driving vehicles operated by Yandex sit parked at the company's engineering center in Moscow, Russia, on June 10. (Andrey Rudakov/Bloomberg News)

Yandex NV and Uber Technologies Inc. will spin off the self-driving car unit of their joint venture into a separate company, giving Yandex more control over the businesses and paving the way for new investors.

Ilya Khrennikov | Bloomberg News
September 4, 2020