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What Volkswagen’s Investment in Argo AI Means for Ford’s Self-Driving Vehicle Business

By John Lawler, CEO, Ford Autonomous Vehicles LLC, and Ford Motor Company Vice President, Mobility Partnerships

Last July, Ford and Volkswagen announced a collaboration with Argo AI to introduce autonomous vehicle technology in the U.S. and Europe. As part of this collaboration, Volkswagen would join Ford in investing in Argo AI. Working together with Argo AI positions both Ford and Volkswagen to better serve our future customers while improving cost and capital efficiencies. 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 finalized June 1.

In my previous role as vice president of Ford corporate strategy, I can tell you firsthand the moment our teams started talking, all three parties could see the value of working together. Here’s what we saw and why we believe it works for everyone involved – including our future customers.

 

Click here to read the full story on Medium.

 

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, as well as connected services. Additionally, Ford is establishing leadership positions in mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 176,000 people worldwide. More information about the company, its products and Ford Credit is available at corporate.ford.com.

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