March 11, 2019 / 9:30 PM / 9 days ago

Alphabet's Waymo seeks outside investors - The Information

FILE PHOTO: A Jaguar I-PACE self-driving car is pictured during its unveiling by Waymo in the Manhattan borough of New York City, U.S., March 27, 2018. REUTERS/Brendan McDermid/File Photo

(Reuters) - Alphabet Inc’s self-driving car division, Waymo, has been seeking financing from outside investors such as European automakers Volkswagen AG, The Information reported on Monday, citing a person with direct knowledge of the situation.

Aside from Volkswagen, other potential investors could include automakers that now make cars for Waymo - Fiat Chrysler and Jaguar, the technology website reported bit.ly/2NXZmSr.

Alphabet could not be immediately reached for comment on the report.

Reuters reported last month that Volkswagen and Ford Motor Co have also been in discussions over how much the German automaker will invest in the No. 2 U.S. automaker’s self-driving vehicle unit.

Reporting by Rama Venkat in Bengaluru; Editing by Maju Samuel

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below