Google Inc said it named auto industry veteran John Krafcik as chief executive of its self-driving car project from late September.
With the hiring of Krafcik, currently the president of automotive pricing terminal Truecar Inc 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
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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.
Former Hyundai chief John Krafcik to head Google's driverless car project-ANews - IBNLive Mobile