Fiat Chrysler and Waymo just announced an exclusive deal for advanced self-driving technology (GOOGL, FCAU)

Waymo

• Fiat Chrysler Automobiles has expanded its relationship with Waymo, making the Alphabet self-driving division its exclusive partner.
• Waymo will provide its autonomous "Driver" technology to FCA's entire vehicle brand portfolio.
• FCA and Waymo had already collaborated on the Waymo One ride-hailing service in Arizona; Waymo One uses Chrysler Pacifica minivans.
• The companies said they would commence a new effort for commercial vehicles, using the RAM ProMaster cargo vehicle.
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On Wednesday, Fiat Chrysler Automobiles announced that it had chosen Waymo, the self-driving company spun off Alphabet in 2016, to bring autonomous technology to all of its vehicle brands.

"FCA has selected Waymo as its exclusive, strategic technology partner for [level 4] fully self-driving technology across FCA's full product portfolio," the automaker said in a statement posted at the Waymo blog.

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NOW WATCH: Waymo is now letting ordinary people sign up to test its self-driving cars in Phoenix

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