Ford, Google reportedly planning a joint venture to build self-driving cars

Ford, Google reportedly planning a joint venture to build self-driving cars

According to a Yahoo Autos report, bigwig automaker Ford and tech giant Google apparently have plans underway to launch a joint venture for building self-driving cars. The joint venture will essentially combine the strengths of the two companies, enabling them to bring self-driving cars on the road much faster.

The report, citing three unidentified sources familiar with the Ford-Google joint venture proceedings, has revealed that the joint venture will likely be announced by Ford CEO Mark Fields at the 2016 International Consumer Electronics Show in January.

The Ford-Google team-up for building self-driving cars will be mutually beneficial for both the companies --- Ford will gain Google's years of real-world autonomous drive research; whereas Google will gain Ford’s expertise in mass production of vehicles.

The independent company which Ford and Google will jointly create to build self-driving cars will advance the companies’ ongoing efforts in the autonomous vehicle arena. Both the companies have been working on self-driving cars for years; with Google already testing dozens of self-driving cars on public roads in California and Texas, and Ford having recently received approval for testing its vehicles on California roads.

Meanwhile, neither Ford nor Google has officially confirmed the Yahoo Autos report. However, Ford spokesman Alan Hall said: "We have been and will continue working with many companies and discussing a variety of subjects… We keep these discussions private for obvious competitive reasons, and we do not comment on speculation."

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