homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

June 29, 2020

Amazon looks to self-driving future by acquiring Zoox

  • Industry analysts think the online retailing giant's ultimate goal is to repurpose the Zoox vehicle for its core business, delivering packages to shoppers.
    • By JOSEPH PISANI and TOM KRISHER
    AP Business Writers

    NEW 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.

    Seattle-based Amazon did not disclose how much it is paying for Zoox, which was founded six years ago in Foster City, California. Analysts pegged the purchase price at over $1 billion.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.