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Fiat in talks with Alphabet for car partnership: WSJ

CNBC
Updated
Rather than build the cars itself, Alphabet is interested in selling companies its autonomous car technology, The Wall Street Journal reported.

Fiat Chrysler (FCA-IT) and Alphabet (GOOGL) are in the "late stage of talks" over a potential partnership related to the latter's self-driving car project, The Wall Street Journal reported.

The talks come as Alphabet seeks out major auto makers to partner up with in building self-driving cars.

Rather than build the cars itself, Alphabet is interested in acting as an auto supplier, and selling companies its autonomous car technology, said the Journal, which cited a person familiar with the discussions.

The company has worked on honing its self-driving cars for the last six years, the Journal reported, accumulating more than 1.5 million miles worth of test drives in the process.

For more on the talks, read The Wall Street Journal's report.