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Google To Make Self-Driving Car Division A Stand-Alone Company

Google Inc. plans to make its self-driving cars unit a stand-alone business under the Alphabet Inc. corporate umbrella next year. Google’s autonomous vehicles have logged more than 1 million miles on public roads, mostly around San Francisco and Austin, Texas, making these cities logical places for launching a service, said a source. The fleets ¬-- which would include a range of large and small vehicles -- could be deployed first in confined areas like college campuses, military bases or corporate office parks, the person said. In the meantime, Uber is spending some of the more than $10 billion it has raised in private markets to develop self-driving cars.

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