Last July, Ford and Volkswagen announced a collaboration with Argo AI to introduce autonomous vehicle technology in the US and Europe. Volkswagen’s investment in Argo AI has now completed.
In a statement, John Lawler, CEO, Ford autonomous vehicles and head of Ford mobility partnerships, said working with Argo AI positions both Ford and Volkswagen to “better serve our future customers while improving cost and capital efficiency”.
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He added: “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 finalised on 1 June.”
He said, in addition to shared development costs, the deal with VW makes Argo AI’s self-driving software the first with commercial deployment plans for both Europe and the US.
“Because it can tap into both automakers’ global reach, Argo AI’s platform has the largest geographic deployment potential of any autonomous driving technology to date.
“Scale and geographic reach are important factors in developing a self driving system that is robust and cost efficient.”
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By GlobalDataSee also: Ford and VW expand alliance to EVs; both to invest in Argo AI
