Waymo, Fiat Chrysler ink commercial self-driving partnership
Jul. 22, 2020 3:36 AM ETStellantis N.V. (STLA), GOOG, GOOGL, GELYYGOOG, GELYF, GELYY, GOOGL, STLABy: Yoel Minkoff, SA News Editor7 Comments
- Ending work on autonomous commercial vehicles it began with startup Aurora in 2019, Fiat Chrysler (NYSE:FCAU) has selected Waymo as its exclusive, strategic technology partner for "Level 4" fully self-driving technology across its full product portfolio.
- The collaboration will start with the Ram ProMaster full-size van, though it's likely to expand given Fiat's expected merger with PSA Group into a company called Stellantis.
- It's been quite a run for the Alphabet (GOOG, GOOGL) unit. Waymo, considered the leader in autonomous vehicle development, inked another partnership in June with Volvo Cars (OTCPK:GELYY) to develop self-driving electric vehicles designed for ride-hailing.
- "Cloud, YouTube, and Waymo will provide some future growth. But will it be enough?" asks The Value Trend in an SA article, "Google: Not As Cheap As You Think."