Volkswagen investment vaults Argo into top ranks of self-driving firms

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Volkswagen investment vaults Argo into top ranks of self-driving firmsVolkswagen 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. Argo said VW was investing $1 billion in cash and contributing its European self-driving unit, valued at $1.6 billion. The investment deal gives Argo a valuation of just over $7 billion, one of the highest in the autonomous vehicles sector.


Read More: https://news.yahoo.com/volkswagen-investment-vaults-argo-top-120927347.html

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