What Volkswagen’s Investment in Argo AI Means for Ford’s Self-Driving Vehicle Business

What Volkswagen’s Investment in Argo AI Means for Ford’s Self-Driving Vehicle Business

Release Date: 02 June 2020

By John Lawler, CEO, Ford Autonomous Vehicles LLC, and Ford Motor Company Vice President, Mobility Partnerships

Last July, Ford and Volkswagen announced a collaboration with Argo AI to introduce autonomous vehicle technology in the U.S. and Europe. As part of this collaboration, Volkswagen would join Ford in investing in Argo AI. Working together with Argo AI positions both Ford and Volkswagen to better serve our future customers while improving cost and capital efficiencies. While the uncertainty of today’s business environment has created challenges for partnerships and investments in the self-driving space, this collaboration remains on track and will be a positive development for everyone involved. As a result, Volkswagen’s investment in Argo AI was finalized June 1.

In my previous role as vice president of Ford corporate strategy, I can tell you firsthand the moment our teams started talking, all three parties could see the value of working together. Here’s what we saw and why we believe it works for everyone involved – including our future customers.

Click here to read the full story on Medium.

About Ford Motor Company

Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification; mobility solutions, including self-driving services; and connected services.  Ford employs approximately 188,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com.

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