Amazon looks to self-driving future by acquiring Zoox - News Summed Up

Amazon looks to self-driving future by acquiring Zoox


Amazon looks to self-driving future by acquiring Zoox Amazon says it is buying self-driving technology company Zoox, which envisions a future where people will request a ride on their phones and a car will pull up without a driverNEW YORK -- Amazon said Friday that it is buying self-driving technology company Zoox, which is developing an autonomous vehicle for a ride-hailing service that people would request on their phones. The online retailing giant said Zoox will keep running as a separate business and continue to develop its own autonomous vehicle. But some industry analysts think Amazon's ultimate goal is to repurpose the Zoox vehicle for its core business, delivering packages to shoppers. The company also has a factory in Normal, Ill., with extra capacity that could be used to build the Zoox vehicles for Amazon, Abuelsamid said. Amazon’s acquisition changes the landscape in the autonomous vehicle business by bringing in a deep-pocketed competitor, Abuelsamid said.


Source: ABC News June 26, 2020 13:57 UTC



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