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Waymo's first outside investment round includes car industry heavyweights
Believe it or not, Waymo hasn't really leaned on outside help to fulfill its self-driving car ambitions -- Alphabet (and earlier, Google) has shouldered much of the load. Now, however, it's expanding its sources of cash. Waymo has announced its first external investment round, and you might recognize a few of the names contributing a shared $2.25 billion. Car tech giant Magna International and retailer AutoNation are making investments, as are well-established investment groups like Andreessen Horowitz, the Canada Pension Plan Investment Board, Silver Lake and Mubadala.
Waymo inches closer to driverless car launch with repair deal
Google's spin-off company Waymo has hired AutoNation, America's largest auto retailer, to maintain and repair its fleeting of driverless vehicles around the country, AutoNation said in a press release. That represents a very positive step for Waymo toward its driverless car and possible ride-sharing launch. "AutoNation will help assure that Waymo vehicles are always in top condition as we bring fully self-driving cars to the public," Waymo CEO John Krafcik said.
