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VW investing in Ford self-driving car unit.


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https://www.thecarconnection.com/news/1121706_vw-to-pump-1-7b-into-fords-self-driving-car-subsidiary

 

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Eventually VW and Ford could hold equal parts of Argo AI, according to the report. Ford invested $1 billion into the Pittsburgh-based autonomous car development company in 2017. According to sources familiar with the matter, VW would invest about $600 million into Argo AI and would earmark another $1.1 billion as working capital for research and development. 

 

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  • 3 weeks later...

I just read VW is cancelling an IPO they were going to implement for their new truck unit Traton due to poor markets and financial issues. Then I read there's another round of lawsuits facing them regarding the dieselgate scandal.  Ford: Get out while you can!!!!

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