Renault-Nissan team up with Waymo for driverless mobility services

AFP  |  Paris 

and said Thursday they had teamed up with Waymo, the autonomous vehicle unit of Google-parent company Alphabet, to explore the development of in their home markets.

"The agreement is designed to bring together the strengths of each party and expand expertise by assessing market opportunities," the firms said in a statement.

Under the exclusive agreement the three will work together to research commercial, legal and regulatory issues related to providing in and

Together with their third alliance partner Mitsubishi, and make up the world's top-selling group. is a leading developer of whose vehicles have logged more than 10 million miles (16 million kilometres) on public roads.

and plan to create joint ventures in their home markets dedicated to developing in their home markets of and

The agreement with does not include operation of such services, but a Renault-Nissan said it wasn't excluded that the US company could take a stake in these firms.

The three also left open the possibility of expanding their cooperation to analysing the market for in other countries, notably

The Renault-Nissan alliance has been under severe strain since the shock arrest last November in on charges of financial misconduct of its then-Carlos Ghosn, who built up the alliance between Renault, Nissan and into an selling some 10.8 million vehicles last year.

Tensions were further aggravated by an offer from Fiat-Chrysler (FCA) to merge with Renault that failed.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 20 2019. 13:35 IST