Uber Seeking To Buy Self-Driving Cars

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In order to save money from hiring drivers, ride-hailing service Uber has shown interest in placing a large order for self-driving cars, an auto industry source said on Friday. "They wanted autonomous cars," the source, who declined to be named, said. "It seemed like they were shopping around." Earlier on Friday, Germany's Manager Magazin reported that Uber had placed an order for at least 100,000 Mercedes S-Class cars, citing sources at both companies. [The top-flight limousine does not yet have fully autonomous driving functionality.] Another source familiar with the matter said no order had been placed with Mercedes-Benz. Diamler and Uber declined to comment. Auto industry executives are wary of doing deals with newcomers from the technology and software business who threaten to upend established business models based on manufacturing and selling cars. "We don't want to end up like Nokia's handset business, which was once hugely profitable... then disappeared," a second auto industry source said about doing a deal with Uber.
 

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