Google is spinning off its self-driving car program into a new company called Waymo

Today, Google announced that it would be spinning off its six-year-old self-driving project into a standalone business called Waymo, which stands for “a new way forward in mobility,” according to John Krafcik, the CEO of the new company.
It was previously reported that Google would be dropping its plan to build its own vehicle without steering wheels and pedals, instead focusing on creating the self-driving technology that can be installed in third-party vehicles. Krafcik didn’