Google hires Airbnb exec to commercialize self-driving cars
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Visitors look at a self-driving car by Google displayed at the Viva Technology event in Paris, France, July 1, 2016. REUTERS/Benoit Tessier
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
By David Shepardson
WASHINGTON (Reuters) - Alphabet Inc's Google self-driving car project took a step closer to market with the hire of a top executive from Airbnb, the online vacation home rental marketplace.
Shaun Stewart is joining Google as a director of the self-driving car project, spokesman Johnny Luu said on Friday.
Stewart's role will be to help commercialize Google's self-driving technology, which has been in development for more than seven years and has seen an increased pace of activity over the last 12 months.
Stewart's hiring follows the departure earlier this month of Chris Urmson, chief technical officer of the project. Urmson was the project's team leader and chief public spokesman until ex-Hyundai executive John Krafcik was hired by Google in 2015 as the project's CEO.
Urmson last year predicted that Google's self-driving technology would be ready for production by 2020, and said Google was actively seeking partners among global automakers.
Stewart is an experienced technology executive specializing in building and scaling businesses. He joins Google from Airbnb where he set up the company's vacation rentals business. Prior to that, he was chief executive of Jetsetter, a company that was acquired by TripAdvisor.
Stewart will report to Krafcik, whose recent hires include Kevin Vosen, the project's first general counsel, and Tim Papandreou, a former San Francisco city official and expert in transportation policy.
Over the past 12 months, Google has expanded to four cities, signed a collaboration with Fiat Chrysler Automobiles to double its fleet of autonomous vehicles and opened an engineering tech center in Michigan.
Google currently has almost 60 test vehicles on the road and has driven 1.8 million miles autonomously.
(Writing by Paul Lienert in Detroit; Editing by Alistair Bell)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiat Chrysler (FCAU) U.S. Auto Sales Fell 14% in November 2016, Wider than Expected
- Fleeing Aleppo fighting, Syrians describe terrifying choices
- Malaysian PM urges intervention to stop 'genocide' of Myanmar's Rohingya Muslims
Create E-mail Alert Related CategoriesReuters
Related EntitiesChrysler LLC
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!