Autonomous Trucks
Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts. Since February, Waymo has lost six key executives in rapid succession, including its CEO, chief financial officer and several key lieutenants. Sundar Pichai, Alphabet’s CEO, has previously said that some company units raise outside capital to give them better industry expertise and corporate governance. “The enthusiasm may be greater outside its parent company than inside.”At least six other top executives at Waymo have resigned recently. Last October, Waymo signed an agreement with Daimler AG’s trucking division to begin equipping trucks with its self-driving software.