Uber purchases autonomous vehicles designed by Google Inc. (NASDAQ:GOOG)

by Tom Carlson | Tuesday, Aug 27, 2013 | 1000 views

Northern, WI 08/27/2013 (usastockreport) – The local delivery and transportation giant, Uber had recently announced its largest bet that it would make the purchase of around 2500 autonomous vehicles designed by Google Inc. (NASDAQ:GOOG) provided they are approved for commercial use by the regulatory authorities of the United States. It had also been conveyed that the two companies had signed out a deal under which Uber had agreed to share data related to its local transportation services with Google, which would be used further by the company to make advancements to its own self ruling car routing algorithms.

As part of the deal Uber would make an investment of around $375  million to make the purchases of GX3200 sedans of Google Inc. (NASDAQ:GOOG), which had been designed as the third generation of driverless cars. This deal is the first enterprise agreement that Google has entered into for the new line of autonomous vehicles. Further, this is the largest ever deal signed up by Uber for its transportation and delivery businesses. It is worth noting that Google Inc. (NASDAQ:GOOG) had announced the manufacturing of its own driverless vehicles around five years earlier and the first of its kind of autonomous vehicles of GX1000 two seat sedan had been ruled out around two and half years earlier.

This GX3200 sedan, which was earlier presented at the Detroit Auto Show, proves to be the third model of the company’s autonomous vehicles. The car had been designed with four comfortable seats and is further provided with space to hold up to three suitcases in the rear storage compartment of the vehicle. Google is actually targeting to present this car to the enterprise market of local transportation provider like that of Uber and to present it to additional municipalities like those in New York and Chicago.

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