Report: VW to Invest $1.7 Billion Into Ford’s Autonomous Arm

It appears that a presumed rough patch in Ford and Volkswagen’s relationship is over, now that The Wall Street Journal is reporting on VW preparing a nearly $2-billion investment into the Blue Oval’s autonomous development unit, Argo AI. Earlier this month, claims arose that negotiations had reached an uncomfortable crossroad, with Volkswagen balking at Ford’s proposed […]

The post Report: VW to Invest $1.7 Billion Into Ford’s Autonomous Arm appeared first on The Truth About Cars.

Read More
Author: Matt Posky

Share This:
2 More posts in Argo AI category
Recommended for you
California Gives Ford’s Argo AI Green Light to Test AVs

Argo AI, the Pittsburgh-based firm Ford pumped $1 billion into and handed responsibility for educating its...