Waymo buying 20,000 Jaguar electric SUVs for driverless ride-hailing service

Google-owned Waymo announces a deal with Jaguar to buy 20,000 I-Pace Jaguars and turn them into a self-driving car fleet. NEW YORK -- Waymo, the company that grew of out of Google's self-driving car project, announced a deal to buy up to 20,000 electric cars over the next two years, a move that shows the scope of its ambition when it comes to driverless ride-hailing services. More: 401(k): What stocks, industries are vulnerable in a trade war? More: Heineken pulls'Lighter is Better' commercial after some call it'racist' The company said it planned to buy the electric version of a Jaguar SUV, the I-Pace, to create its fleet of cars. The vehicles would then be fitted with components to make them capable of piloting themselves without a driver. The company says the fleet would be capable of handling 1 million rides a day.