Report : Google To Make Driverless Cars An Alphabet Company Next Year

(RTTNews) - Google Inc. plans to make its self-driving cars unit, which will offer rides for hire, a stand-alone business under the Alphabet Inc. (GOOGL, GOOG) corporate umbrella next year, Bloomberg reported citing a person familiar with the company's strategy.

Google's autonomous vehicles have logged more than 1 million miles on public roads, mostly around San Francisco and Austin, Texas, making these cities logical places for launching a service. The fleets ­-- which would include a range of large and small vehicles -- could be deployed first in confined areas like college campuses, military bases or corporate office parks, the report said.