• Volkswagen zooms ahead in extension of alliance with Ford to electric, automated cars

    11 days ago - By Reuters

    Ford Motor Co and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs while positioning VW as the initial winner.
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  • VW Ploughs $2.6 Billion into Argo AI, with Ford

    11 days ago - By CBR

    VW ploughs $2.6 billion into Argo AI
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  • VW will invest $2.6B in Argo AI and let Ford use its MEB electric car platform - Roadshow

    11 days ago - By CNET

    Each party is playing to the other's strengths in this agreement.
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  • Volkswagen investment vaults Argo into top ranks of self-driving firms

    11 days ago - By Reuters

    Volkswagen AG's $2.6-billion investment in Ford Motor Co's Argo AI self-driving unit, announced on Friday, immediately vaults the two-year-old Pittsburgh-based startup into the top ranks in the sector.
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  • Ford-VW alliance expands to include autonomous and electric vehicles

    Ford-VW alliance expands to include autonomous and electric vehicles

    11 days ago - By The Verge

    In a widely anticipated move, Ford and Volkswagen announced Friday their plan to expand their seven-month-old alliance to include autonomous and electric vehicles.
    As part of the deal, VW will invest a whopping $2.6 billion in Argo AI, the autonomous vehicle startup based in Pittsburgh that practically no one had heard of until Ford's own eye-popping $1 billion investment in 2017. VW will invest $1 billion in cash, as well as $1.6 billion in assets that include the auto giant's Munich-based Autonomous Intelligent Driving team, which will be absorbed by Argo. After the deal goes through...
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  • VW investing $2.6B in Ford-owned robocar firm

    11 days ago - By Phys.org

    A person briefed on the matter says Volkswagen will invest $2.6 billion in a Pittsburgh autonomous vehicle company that's mostly owned by Ford.
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  • VW invests $2.6 billion in self-driving startup Argo AI as part of Ford alliance

    11 days ago - By TechCrunch

    VW Group is investing $2.6 billion in capital and assets into Argo AI, the Pittsburgh-based autonomous vehicle startup that burst onto the scene two years ago with $1 billion in backing from Ford.
    The deal, which has been rumored for months, is part of a broader alliance between VW Group and Ford that covers autonomous and electric vehicles.
    The Argo piece of this tie-up involves more than just an injection of capital, in return for a stake in the startup and board seats. It turns Argo into a global company, or at least one with operations in U.S. and Europe. And it instantly boosts its...
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