Monday, 21 March 2016

UBER just bought over 100000 Self Driving Mercedes Benz S Class fleet

It was totally surprising to hear Uber buying 1,00,000 top of the Mercedes line up S-classes. Uber is famous for connecting passengers with people who have their own cars.  Uber doesn't own a fleet of cars for would-be drivers to use, that’s what makes the number of cars Uber bought so important.

Selling 100,000 S-Classes in one go is pretty crazy – that's about the number of S-Classes Mercedes managed to sell in a single year.

"They wanted autonomous cars," the source, who declined to be named, said. "It seemed like they were shopping around."

Loss-making Uber would make drastic savings on its biggest cost -- drivers -- if it were able to incorporate self-driving cars into its fleet.

The reason is that is aims to eliminate drivers, one of its highest expenses, as it seeks to regain profitability.

Volkswagen’s Audi, Daimler’s Mercedes-Benz, BMW and car industry suppliers Bosch and Continental are all working on technologies for autonomous or semi-autonomous cars. 

German publication manager magazin claims that the two parties have shaken hands over a transaction involving 100,000 autonomous S-Class limousines that the Stuttgart company is to deliver to the American giant. However, given the current situation, it is believed that the actual deal isn't going to take place sooner than 2020.

If the story turns out to be true, this could have much richer implications than the simple financial value of the trade (which, at over €10 billion - $11.2 billion - is hard to be neglected). Whats your point on this do share in comment section.