Google said John Krafcik, president of online car-shopping service TrueCar Inc., is joining as CEO of its car project in late September. Chris Urmson, the former head of the project, will lead technical development of the autonomous vehicles and software. Click here to learn more about the company TrueCar's trading stocks.
Mr. Krafcik is a mechanical engineer with a business degree who made his early career with a data-driven approach focusing on lean manufacturing. Click here to read Hyundai's U.S. Chief Krafcik critiques of the Auto Industry. He was at Ford Motor Co. from 1990 to 2004, where he held various product-development leadership positions, including chief engineer for the Expedition and Navigator SUVs. Click here to learn more about the company Ford Motor Co. company stocks.
He spent a decade at Hyundai Motor Co., including five years as president and CEO of the U.S. business. Click here to learn more about the company Hyundai Motor Co. stocks. He led Hyundai to record sales and boosted the auto maker’s U.S. market share. After the 2008 financial crisis, he oversaw the team that created an “Assurance Program” that let Americans return cars if they lost a job within a year after purchase, helping the company gain sales in a plunging market. Click here to learn more about how Hyundai expects boosts for U.S. sales. His departure after Hyundai didn't renew his contract in late 2013 came as a shock to the automotive community because of his success. Click here to learn more about Dave Zuchowski named U.S. Chief Executiev of Hyundai.
Google doesn’t plan to manufacture its own cars and wants to partner with others to develop the technology, she added. Google has been trying to transform itself from an Internet search engine into a broader enterprise that applies its computing muscle and know-how to big industries such as transportation and health care. The self-driving car project, which started in 2009, was the first public example of the effort and its slow progress is emblematic of Google’s challenges.
Google’s self-driving prototypes are being tested on public roads in urban areas of California and more recently Austin, Texas. But there have been few signs so far that Google is close to making the vehicles in enough volume to create a money-making product or service. Google veteran Claire Hughes Johnson joined the car project in January 2014 to work on potential business models, but left nine months later in part because the project was still too far from becoming a viable business. In a 2014 speech, she suggested that Google cars would probably be used as an on-demand service, rather than purchased by individuals.