Alphabet Shifts Self-Driving Cars Into New Unit Called Waymo
- Company said to plan autonomous ride-sharing service with Fiat
- Waymo plans to let people use vehicles for ‘everyday use’
Alphabet Launches Self-Driving Car Unit Named Waymo
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Google parent company Alphabet Inc. is separating its self-driving car project into a new business called Waymo, seeking to sharpen its focus on changing the transportation industry.
John Krafcik, chief executive officer of Waymo, announced the move on Tuesday at an event in San Francisco. The company has been developing autonomous vehicle technology for more than six years, as part of its X research lab. Waymo is emerging from this research phase as a standalone business owned by Mountain View, California-based Alphabet.