Aurora reaffirms it’s on track to produce more than 1000 trucks in 2027
Aurora reported a $257 million operating loss on $3 million in revenue and cut its full-year forecast The post Aurora reaffirms it’s on track to produce more than 1000 trucks in 2027 appeared first on FreightWaves .
Aurora Innovation reported a narrower third-quarter loss and reaffirmed its goal to produce over 1,000 trucks by 2027, despite a six-week manufacturing delay. CEO Chris Urmson mentioned that output at Roush, the upfitter of Aurora's trucks, will reach 20 trucks a week in early December, surpassing the initial target of October. Aurora's operating loss widened to $257 million from $222 million, primarily due to $54 million in stock-based compensation and a rise in operating cash usage to $170 million.
The company holds around $1 billion in cash and short-term investments, indicating it should achieve positive cash flow by 2028. Aurora has signed MOUs with Charger Logistics and Hirschbach Motor Lines, covering 1,000 trucks in total. The company expects to integrate its driver on Volvo's factory line while preparing for full production with Volvo and PACCAR.
Federal rules now allow Level 4 autonomous trucks to use amber beacons, facilitating direct deliveries to weigh stations and customer sites.
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