NEWS COMMENTARY

VW Group goes all in with $2.6 billion on Ford's autonomous vehicle partner Argo AI

Published:
July 12, 2019
Services:
CPG More...
Priorities:
Asset Management More...
Activities:
Partnership
by Lewie Roberts
Truly disruptive

Volkswagen (VW) will invest $1 billion in cash towards purchasing equity in Argo (Ford and VW will have equal stakes), and VW's own Autonomous Intelligent Driving (AID) company (valued at $1.6 billion) will be contributed entirely to Argo, with 200 AID employees joining Argo. This new alliance is hugely important to combat similar partnerships in the autonomous vehicle (AV) world, like Cruise and Honda/GM. At the same time, clients should recognize that these types of strong partnerships threaten players broadly looking to develop AVs on their own, like Zoox and Tesla, though many startups are still able to focus on specific commercial applications of AVs.

For the original news article, click here .


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