Waymo Looking for Outside Investors?
Alphabet Inc.’s Waymo autonomous-vehicle affiliate is searching for new outside investors, including European carmakers, a source tells The Information.
The San Francisco-based tech newsletter says likely candidates include Fiat Chrysler Automobiles, Jaguar Land Rover and Volkswagen.
Industry insiders and former employees estimate that Waymo costs Alphabet a manageable $1 billion per year. But the newsletter notes that Alphabet Chief Financial Officer Ruth Porat has been urging the holding company’s many operating units to controls costs.
Porat also has authorized other Alphabet units to pursue outside financing sources. The newsletter speculates that Alphabet isn’t eager to give up significant equity in Waymo. It suggests that Waymo may be pursing relatively modest equity deals with carmakers that have taken minority stakes in multiple developers of software for self-driving vehicles.
The little car that could still can. And this time as a car that not only gets great fuel economy, but which has ride and handling that makes it more than an econo-box (and its styling is anything but boxy).
Once the playground of exotic car makers, the definition of a niche vehicle has expanded to include image vehicles for mainstream OEMs, and specialist models produced on high-volume platforms.
Effective management is a timeless skill—as demonstrated by this treasure of an article from the AutoBeat Group archive. Although the tools of the trade have changed and proliferated, the basics remain the same. Here are 8 old school (and just darn practical) rules for being an excellent manager.