Tag: Ford

VW closes $2.6 billion investment in self-driving startup Argo AI

June 2 (Reuters) – German automaker Volkswagen AG has closed its $2.6 billion investment in Argo AI, the Pittsburgh-based self-driving startup disclosed in a blog post on Tuesday. Argo, founded in 2016 by Bryan Salesky and Peter Rander, is now jointly controlled by VW and Ford Motor Co, which made an initial investment in Argo… Continue reading VW closes $2.6 billion investment in self-driving startup Argo AI

Ford restarts all its operations south of the border, FCA adds shifts

CLOSE Ford knew its decision to build a new plant in Mexico would create a political firestorm on Tuesday, yet it forged ahead anyway.  (Photo: Paul Sakuma, AP) Ford Motor Co. has restarted its plants in Mexico after weeks of shutdown due to the coronavirus, it said Monday.  The automaker offered little detail on exactly… Continue reading Ford restarts all its operations south of the border, FCA adds shifts

SoftBank led $500M investment in Didi in China’s biggest autonomous driving round

The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced on Friday an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Leading the round — the single largest fundraising round in China’s autonomous driving sector — is its existing investor Softbank, the Japanese… Continue reading SoftBank led $500M investment in Didi in China’s biggest autonomous driving round

Cabana Raises $3.5M in Seed Funding Round

Cabana, a Seattle, WA-based travel-tech startup, raised $3.5m in seed funding round. The round was led by Craft Ventures, with participation from Goldcrest Capital, Travis VanderZanden, CEO & Founder at Bird, and Sunny Madra, Vice President Ford X at Ford Motor Company. The company intends to use the funds to scale operations, and offer its… Continue reading Cabana Raises $3.5M in Seed Funding Round

Ford Oakville Assembly Resumes… – The News Wheel

 Added on May 28, 2020  Kyle Johnson  Ford of Canada coronavirus , Ford of Canada COVID-19 , Ford of Canada jobs , Ford of Canada manufacturing No Comments Employees returned to work at Ford’s Oakville Assembly Complex on MondayPhoto: Ford On May 25, Ford Motor Company of Canada brought workers back to Oakville Assembly, relaunching… Continue reading Ford Oakville Assembly Resumes… – The News Wheel

Rivian’s Amazon electric delivery van still on track as factory reopens

Rivian, the electric vehicle company backed by Amazon, Cox Automotive and Ford, has resumed work at its factory in Normal, Ill. following a temporary shutdown due to the COVID-19 pandemic. Construction on the factory, which will eventually produce its R1T and R1S electric vehicles for consumers as well as 100,000 delivery vans for Amazon, has… Continue reading Rivian’s Amazon electric delivery van still on track as factory reopens

@VW Group: Landmark in Volkswagen-Ford global alliance

Landmark in Volkswagen-Ford global alliance: The Volkswagen AG Supervisory Board ap-proved further contracts under the cooperation with Ford Motor Company announced last year. The next milestones in the vehicle projects are anticipated to be implemented in near the future with the signatures of both companies. Three projects in the areas of elec-trification and commercial vehicles… Continue reading @VW Group: Landmark in Volkswagen-Ford global alliance