Day: June 17, 2021

Self-driving car pioneer Waymo gets $2.5B to fuel ambitions

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FILE – In this April 7, 2021 file photo, a Waymo minivan arrives to pick up passengers for an autonomous vehicle ride, in Mesa, Ariz. Waymo, the self-driving car pioneer spun off from Google, isn’t allowing a recent wave of executive departures to detour its plans to expand its robotic taxi service. The Mountain View, Calif., company made that clear Wednesday, June 16 by announcing it has raised another $2.5 billion from a group of investors ranging from venture capital firms such as Andreessen Horowitz to a major car dealer, AutoNation. (AP Photo/Ross D. Franklin, File)

AP

Waymo, the self-driving car pioneer spun off from Google, isn’t allowing a recent wave of executive departures to detour its plans to expand its robotic taxi service.

The Mountain View, California, company made that clear Wednesday by announcing it has raised another $2.5 billion from a group

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Car sales, used car prices impacted by semiconductor chip shortage

The economy continues to rebound from the COVID-19 pandemic, but with the ongoing semiconductor chip shortage, many are traveling far and wide just to get the car they desire. It doesn’t matter whether a vehicle is new or used, dealerships are running on empty. 

Nearly 10% of vehicle shoppers traveled out of state to purchase the ride they wanted, according to a new survey by Cars.com, an online automotive marketplace. Of the 12,000 respondents, 56% bought a new vehicle, while 43% bought a used vehicle.

A shortage of computer chips has caused a number of automotive factories to shut down temporarily in recent months, as they can’t finish building new vehicles without adequate parts. 

► Car rental delivery?: Uber Rent looks to shake up the rental car industry.

► Average age of vehicles at all-time high: Cars, trucks, SUVs getting older as used car prices soar

Those issues have contributed

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