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With the hiring of Krafcik, currently the president of
automotive pricing terminal Truecar Inc <TRUE.O> and a former
CEO of Hyundai Motors America, Google is starting to look at the
project as a potential and relevant business in the near future.
Chris Urmson, who has been head of the self-driving car program
since 2009, will continue overseeing the project as its
technical lead, the company said in an emailed statement.
Google's pet project of driverless cars started in 2009 with an
intention to revolutionize the automobile industry. The project
is still a part of Google X lab, though the company did not rule
out the possibility of it being a part of its parent Alphabet in
the near future.
Google X lab also works on other projects like Loon, which aims
to provide wireless Internet to the most-remote areas in the
world via smart balloons and is currently being tested in the
Southern hemisphere.
(Reporting by Sangameswaran S; Editing by Gopakumar Warrier)
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