- An expanded alliance between Ford Motor Co <F.N> and Volkswagen AG <VOWG_p.DE> that includes a partnership in Ford self-driving unit Argo AI could redraw the balance of power in autonomous vehicles.
- Argo has been overlooked as Waymo, Alphabet Inc’s <GOOGL.O> self-driving subsidiary, has deployed its robo-vans, and General Motors Co’s <GM.N> Cruise Automation subsidiary has raked in billions of dollars in investments.
- VW recently concluded a development agreement with Aurora, the Silicon Valley self-driving start-up that includes Hyundai Motor Co <005380.KS> and Fiat Chrysler Automobiles <FCHA.MI> among its customers.
More sources
- A Ford-VW alliance with Argo could redraw self-driving sector (Reuters: Jul 12, 2019 at 12:39 AM)