July 26, 2018
Ford Motor Company created Ford Autonomous Vehicles LLC, a new organization charged with accelerating its AV business to capitalize on market opportunities. The new group will be primarily based at Ford’s Corktown 1.2-million-square-foot campus in Detroit.
Ford expects to invest $4 billion in its AV efforts through 2023, including its $1 billion investment in Argo AI, the company’s Pittsburgh-based partner for self-driving system development. The group is structured to take on third party investment, and will hold Ford’s ownership stake in Argo AI.
The self-driving business will be organized into a platform that will include Ford’s self-driving systems integration, autonomous vehicle research and advanced engineering, AV transportation-as-a-service network development, user experience, business strategy and business development teams.
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