26 Jul '18, 7am

#Ford spins-out #autonomous vehicles organization

#Ford spins-out #autonomous vehicles organization

Ford Motor Company has created Ford Autonomous Vehicles LLC, a new organization charged with accelerating Ford’s autonomous vehicles (AV) business to capitalize on market opportunities. Ford Autonomous Vehicles LLC 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. The new LLC, which is structured to take on third-party investment, will be primarily based at Ford’s Corktown campus in Detroit and will hold Ford’s ownership stake in Argo AI, the company’s Pittsburgh-based partner for self-driving system development. Ford expects to invest $4 billion in its AV efforts through 2023, including its $1 billion investment in Argo AI. Sherif Marakby, currently Ford vice president, Autonomous Vehicles and Elec...

Full article: http://www.greencarcongress.com/2018/07/20180726-ford.html

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