Advertisement
Canada markets closed
  • S&P/TSX

    22,167.03
    +59.95 (+0.27%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CAD/USD

    0.7383
    +0.0010 (+0.14%)
     
  • CRUDE OIL

    82.99
    +1.64 (+2.02%)
     
  • Bitcoin CAD

    95,745.47
    +2,422.74 (+2.60%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,241.00
    +28.30 (+1.28%)
     
  • RUSSELL 2000

    2,124.55
    +10.20 (+0.48%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • NASDAQ

    16,379.46
    -20.06 (-0.12%)
     
  • VOLATILITY

    13.00
    +0.22 (+1.72%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6841
    +0.0036 (+0.53%)
     

Google hires Airbnb exec to commercialize self-driving cars

A man holds his smartphone which displays the Google home page, in this picture illustration taken in Bordeaux, Southwestern France, August 22, 2016. REUTERS/Regis Duvignau (Reuters)

By David Shepardson WASHINGTON (Reuters) - Alphabet Inc's Google self-driving car project took a step closer to market with the hire of a top executive from Airbnb, the online vacation home rental marketplace. Shaun Stewart is joining Google as a director of the self-driving car project, spokesman Johnny Luu said on Friday. Stewart's role will be to help commercialize Google's self-driving technology, which has been in development for more than seven years and has seen an increased pace of activity over the last 12 months. Stewart's hiring follows the departure earlier this month of Chris Urmson, chief technical officer of the project. Urmson was the project's team leader and chief public spokesman until ex-Hyundai executive John Krafcik was hired by Google in 2015 as the project's CEO. [nL1N1AM1U4] Urmson last year predicted that Google's self-driving technology would be ready for production by 2020, and said Google was actively seeking partners among global automakers. Stewart is an experienced technology executive specializing in building and scaling businesses. He joins Google from Airbnb where he set up the company's vacation rentals business. Prior to that, he was chief executive of Jetsetter, a company that was acquired by TripAdvisor. Stewart will report to Krafcik, whose recent hires include Kevin Vosen, the project's first general counsel, and Tim Papandreou, a former San Francisco city official and expert in transportation policy. [nL1N19X1Q5] Over the past 12 months, Google has expanded to four cities, signed a collaboration with Fiat Chrysler Automobiles to double its fleet of autonomous vehicles and opened an engineering tech center in Michigan. Google currently has almost 60 test vehicles on the road and has driven 1.8 million miles autonomously. (Writing by Paul Lienert in Detroit; Editing by Alistair Bell)