AP Source: VW investing $2.6B in Ford-owned robocar firm

World News: . []

AP Source: VW investing $2.6B in Ford-owned robocar firmVolkswagen will sink $2.6 billion into a Pittsburgh autonomous vehicle company that's mostly owned by Ford as part of a broader partnership with the U.S. No. 2 automaker, according to a person briefed on the matter. The German and U.S. manufacturers will cooperate on the development of electric vehicles, the automakers will announce Friday in New York. The person says the two will become equal owners of Argo AI, which is developing autonomous vehicle systems.

Read More: LINK 

Published: .

Search for other references to "source" on SPi News


Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2020. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
Privacy Policy | Terms and Conditions | Contact Us