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Shares of Aurora jumped 14.7% to $2.42 in afternoon trading.
Urmson, who co-founded Aurora after running Google (NASDAQ:GOOGL)’s self-driving car project, also floated measures including cost cuts, taking the company private and spinning off assets, the report said, citing an internal memo. (https://bloom.bg/3ReFDgP)
The company, which has a market capitalization of about $2.4 billion, did not immediately respond to a Reuters request for comment.
It has partnerships with companies such as Volvo, Toyota, FedEx (NYSE:FDX) and Uber (NYSE:UBER).
