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Waymo Looks to the Motor City For Autonomous Vehicle Plant
FinTech, AI, Financial Services
Driverless cars may be the future, but Waymo will build them in a place synonymous with the nation’s automotive past.
The autonomous vehicle company said Tuesday that it is looking for a factory in the Detroit area to outfit driverless cars with its technology following news that it’s receiving a grant from Michigan economic development officials.
Waymo, a spinoff of Alphabet Inc (NASDAQ: GOOGL)’s Google, said the retrofitted factory will be the first in the world dedicated entirely to the mass production of completely autonomous vehicles.
The Michigan Economic Development Corporation earlier on Tuesday approved an $8-million grant to seal the