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Google Spins Off Self-Driving Unit

<p><em>Photo courtesy of Google.</em></p>

Google is establishing a new company to oversee its development of a self-driving car called Waymo — a name derived from its mission to find a "new way forward in mobility," CEO John Krafcik told an audience on Dec. 13.

Krafcik, Hyundai Motor America's former CEO, made the announcement at a press event and noted that the company has ben testing the first fully autonomous car with no steering wheel or pedals on public roads in Austin, Texas, last year, reported TechCrunch.

Google had been operating the self-driving unit under the umbrella of parent Alphabet as Google X.

 

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