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Amazon reportedly acquires self-driving car start up

Amazon reportedly acquires self-driving car start up

Amazon reportedly acquires self-driving car start up.

Amazon is acquiring a self driving car in a tremendous deal that is said to be over $1 billion.It is reported that the deal would give amazon control over 1,000 person start up that are specialised in developing and manufacturing self-driving cars.

Zoox which is the name of the self-driving company and amazon are discussing to that the company will be bought at a price lesser than $3.2 billion as it was worth two years ago.
Amazon Inc made that bid to buy the auto mobile company in order to expand their reach in the new generation vehicle that is silently taking over the auto mobile world.
This deal would be the biggest deal yet in the world of self driving car technology,according to reports,amazon could use the autonomous vehicles for deliveries.

Before the reports on the new deal that is happening between amazon and Zoox, Zoox had been developing a two directional car with no steering wheel ,or a precise back side or front side as either sides can be used to travel.
Zoox announced that it has been testing it self driving technology on Toyota SUV and it has also hired vehicles from Elon musk's Tesla.It was announced by Zoox after a lawsuit in which it agreed to pay Tesla an undisclosed amount of money. 

Last year Amazon also invested in a auto mobile company called Aurora innovation. According to analysis Amazon is planning to put Zoox vehicles in the market as they let Zoox remain an independent subsidiary after the acquisition.

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