Waymo to Mass Produce Self Driving Cars in Detroit Factory | Financial Buzz

Waymo to Mass Produce Self Driving Cars in Detroit Factory

Alphabet Inc.’s (NASDAQ: GOOGL) Waymo announced that it has chosen a factory in Detroit to mass Produce their self-driving vehicles.  CEO John Krafcik stated in a blog post that the company will partner with American Axle & Manufacturing to repurchase and lease a Detroit facility and will be operational by the 2nd half of 2019. 

The facility will create up to 400 jobs in the self-driving industry.  Previously, Waymo announced that the company will receive incentives from the Michigan Economic Development Corporation.  With an operational robotaxi service in Arizona, Waymo is among the top of the companies that are pushing for self-driving technological innovation. 

Although investments in self-driving technology has been prevalent in large tech corporations, the market is still in infancy.   Analysts predict it will be years before the self-driving market can work on a global scale. 

Providing self-driving vehicles are the masses is no easy task.  General Motors and Uber Technologies are positioned to compete with Waymo.  CEO of Tesla, Elon Musk previously announced the launch of a robotaxi service later in 2020. 

Waymo currently utilizes Chrysler Pacifica minivans in its self-driving robotaxi service.  Earlier in March 2018, Waymo announced that it would diversify it’s “fleet” by partnering with Jaguar to produce up to 20,000 vehicles by 2022.