VW Ploughs $2.6 Billion into Argo AI, with Ford


Ford and Volkswagen have co-invested in autonomous vehicle specialist Argo AI in a landmark deal that values the latter at $7 billion – and makes them “substantial majority” shareholders, the two said today.

Volkswagen and Ford will then independently integrate Argo AI’s Self Driving System (SDS) into their vehicles. As part of the investment, VW is bundling its own $1.6 billion Autonomous Intelligent Driving (AID) company into Argo AI.

Argo AI (founded in 2017 and based in Pittsburgh, Pennsylvania) is working on delivering a SAE Level 4-capable (no human intervention required) SDS for ride sharing and goods delivery services in dense urban

To see the full content, share this page by clicking one of the buttons below
Click on a tab to select how you'd like to leave your comment

Leave A Reply

Your email address will not be published.