Ford investing in self driving cars

The race to build a self-driving car keeps getting more intense -- and expensive. Ford () announced Friday afternoon it would invest $1 billion over five years in a previously unheard of startup. Argo AI, led by Google and Uber veterans, will combine with Ford's existing team to develop a fully self-driving car. Ford is currently testing its self-driving vehicles in Miami, Washington, D.C. and Detroit. Following years of hype and billions of dollars in investment, some other companies are admitting that Volkswagen to invest in Ford self-driving car unit. Published: July 12, 2019 1:11 a.m. Volkswagen AG has agreed to invest around $2.6 billion in Ford Motor Co.'s autonomous-vehicle partner, Argo AI, in a deal that values the startup at $7 billion, according to people familiar with the matter.

4 Apr 2017 Ford has been manufacturing cars for close to 113 years, and its investment in autonomous technology has been impressive. A fleet of Fusion  17 Aug 2016 Ford said it would double its investment in its research centre in the city, as well as making sizable investments in technology companies in the  10 Feb 2017 Ford bets $1B on self-driving car startup Ford's early stage investment in Argo AI reflects a growing desire on the part of automakers and tech  20 Mar 2019 Workers there will begin installing self-driving technology into hybrid Ford said it will invest $50 million in the new autonomous vehicle center. 14 Nov 2018 At an event on Wednesday to showcase Ford's progress in developing autonomous vehicles, the carmaker said its driverless rides could be less  13 Feb 2017 As part of its push to bring self-driving vehicles to market within the near future, Ford Motor Company will be investing $1 billion into the artificial  7 Dec 2017 With the debate over self-driving cars seemingly less frantic, car makers are more openly laying out their plans for the car of the future.

25 Aug 2019 A Ford Argo AI self-driving prototype car it plans to transform itself into a “ mobility company”, investing in start-ups and buying a scooter firm.

19 Nov 2019 Ford is focusing its investment on vehicles reaching Level 4 autonomy, which the NHTSA describes as “capable of performing all driving  28 Aug 2019 The vast potential market for self-driving cars is seeing automakers invest more in the space. However, Ford's expectation that its autonomous  12 Jul 2019 Volkswagen will invest $2.6 billion in Ford's Argo AI self-driving car unit. That figure includes committing $1 billion in capital as well as  12 Jul 2019 Volkswagen is investing $2.6 billion into Pittsburgh-based Argo AI following Ford's own billion-dollar investment in the autonomous vehicle  15 Jul 2019 Ford will use VW's expertise in electric-mobility to rollout EVs in Europe, while VW will invest $2.6bn to join Ford in autonomous driving venture.

5 Nov 2019 Ford's self-driving vehicle service platform on the road in Miami. and businesses and Ford itself, which has committed to investing $4 billion 

20 Mar 2019 Along with producing more electric vehicles with the investment, the factory plans to take hybrid Fords and make them specifically for self-driving  11 Dec 2019 Ford has partnered with Pittsburgh-based Argo AI since 2017 through a $1 billion investment to support its foray into the autonomous vehicle  12 Jul 2019 Volkswagen Group is to invest in Ford's autonomous vehicle venture, Argo AI, in a deal that deepens the alliance between two of the world's  12 Jul 2019 Besides sharing costs for the development of self-driving cars, Ford will use VW's electric-car underpinnings that form the backbone of the most  10 Jan 2019 The auto giant has committed to investing $4 billion through 2023 in an autonomous driving subsidiary, a figure that includes a $1 billion 

4 Mar 2020 We analyzed 40+ auto brands and other tech heavyweights investing in Apple spent 2018 building out the beginnings of its self-driving car fleet, has compared AID to GM's self-driving unit, Cruise, and Ford's unit, Argo.

17 Aug 2016 Ford said it would double its investment in its research centre in the city, as well as making sizable investments in technology companies in the  10 Feb 2017 Ford bets $1B on self-driving car startup Ford's early stage investment in Argo AI reflects a growing desire on the part of automakers and tech  20 Mar 2019 Workers there will begin installing self-driving technology into hybrid Ford said it will invest $50 million in the new autonomous vehicle center. 14 Nov 2018 At an event on Wednesday to showcase Ford's progress in developing autonomous vehicles, the carmaker said its driverless rides could be less 

26 Aug 2019 The automotive industry has been promoting self-driving cars as a kind of based startup that raised $1 billion investment in funding from Ford 

7 Dec 2017 With the debate over self-driving cars seemingly less frantic, car makers are more openly laying out their plans for the car of the future. The race to build a self-driving car keeps getting more intense -- and expensive. Ford () announced Friday afternoon it would invest $1 billion over five years in a previously unheard of startup. Argo AI, led by Google and Uber veterans, will combine with Ford's existing team to develop a fully self-driving car. Ford is currently testing its self-driving vehicles in Miami, Washington, D.C. and Detroit. Following years of hype and billions of dollars in investment, some other companies are admitting that Volkswagen to invest in Ford self-driving car unit. Published: July 12, 2019 1:11 a.m. Volkswagen AG has agreed to invest around $2.6 billion in Ford Motor Co.'s autonomous-vehicle partner, Argo AI, in a deal that values the startup at $7 billion, according to people familiar with the matter. Shortly after it was founded, Ford acquired a majority stake in the company, saying that it would invest $1 billion over five years -- and that Argo AI would take over Ford's self-driving-software Not all of them. Ford Motor Company (NYSE:F) is undergoing a high-tech transformation, boosting its software chops and looking to be a leader in the emerging world of technology-enabled alternatives to traditional car ownership. And it recently took a big step forward on the self-driving software front. Ford Motor plans to spend $4 billion through 2023 in a newly created LLC dedicated to building out an autonomous vehicles business. The automaker announced Tuesday it has created Ford Autonomous Vehicles LLC, which will house the company’s self-driving systems integration,

12 Jul 2019 Volkswagen AG has agreed to invest around $2.6 billion in Ford Motor Co. 's autonomous-vehicle partner, Argo AI, in a deal that values the  12 Jul 2019 The latest is Volkswagen's partnership with Ford to invest $7 billion in Argo AI, a startup working on developing autonomous cars. 25 Jul 2019 Executives are also grappling with how to monetize the data collected by the self- driving vehicles. Ford Motor Co plans to invest $1 billion over the next five years in tech startup Argo AI to help the Detroit automaker reach its goal of producing a self-driving  12 Jul 2019 “One has to invest today in order to make the first sales in 2030, maybe. Ford is ahead of Volkswagen in autonomous driving, while Volkswagen In a separate agreement, Ford plans to build electric cars based on motors,  12 Jul 2019 Volkswagen AG has agreed to invest around $2.6 billion in Ford Motor Co.'s autonomous-vehicle partner, Argo AI, in a deal that values the