Waymo and Toyota have agreed to explore a possible deal that could one day lead to a new vehicle designed for ride-hailing and even bring self-driving

While all that sounds very tentative, it boils down to this: Waymo has the self-driving tech, and Toyota has the cars. Sometime down the line, the two companies might start selling Toyota-built cars with Waymo's autonomous driving technology to end users.

The companies didn't announce any timelines, but Toyota could be setting the stage for future vehicle announcements, be it EVs or gas-powered cars.