{"id":387648,"date":"2020-12-04T08:35:21","date_gmt":"2020-12-04T03:05:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387648"},"modified":"2020-12-04T09:22:28","modified_gmt":"2020-12-04T03:52:28","slug":"uber-in-advanced-talks-to-sell-air-taxi-business-elevate-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/uber-in-advanced-talks-to-sell-air-taxi-business-elevate-report\/","title":{"rendered":"Uber in advanced talks to sell air taxi business Elevate: Report"},"content":{"rendered":"<p>Uber Technologies is in advanced talks to sell its air taxi business, &#8220;Uber Elevate&#8221;, to aerospace firm Joby Aviation, news website Axios reported bit.ly\/37qqMKN on Wednesday, citing sources. <\/p>\n<p>Uber did not immediately respond to a Reuters request for comment. <\/p>\n<p>Its shares rose over 6% following the news. <\/p>\n<p>Hyundai Motor Co, which in January announced a partnership with Uber Elevate to develop electric air taxis, did not immediately respond to a request for comment. <\/p>\n<p>With Uber\u2019s business rattled by the COVID-19 pandemic, the company cut 23% of its workforce in May as part of aggressive cost cuts and vowed to focus on its core ride-hailing and food-delivery businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uber Technologies is in advanced talks to sell its air taxi business, &#8220;Uber Elevate&#8221;, to aerospace firm Joby Aviation, news website Axios reported bit.ly\/37qqMKN on Wednesday, citing sources. Uber did not immediately respond to a Reuters request for comment. Its shares rose over 6% following the news. Hyundai Motor Co, which in January announced a partnership with Uber Elevate to develop electric air taxis, did not immediately respond to a request for comment. With Uber\u2019s business rattled by the COVID-19 pandemic, the company cut 23% of its workforce in May as part of aggressive cost cuts and vowed to focus [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-387648","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=387648"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387648\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}