World News: 13:05 GMT Friday 12th July 2019. [Yahoo Business News Feed via SPi World News]
Volkswagen 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.
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