Waymo's Latest Partnership Shows Self-Driving's Potential in Deliveries
Waymo, Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) self-driving car company, announced this week that it's expanding its partnership with AutoNation (NYSE: AN), an automotive retail company, to include auto parts deliveries. Waymo said that its autonomous vehicles will be used to help shuttle car parts between several AutoNation locations and other repair shops in the Phoenix, Arizona area. The announcement adds to Waymo's existing partnership with AutoNation, in which some of the self-driving car company's vehicles are used to provide rides to AutoNation customers.
While the expanded partnership may not seem like a big deal at first blush, it's important for investors to know that the move is yet another step for Waymo toward the self-driving business-to-business (B2B) delivery market.
Image source: Waymo.
Source Fool.com
