On Friday, Ford and Volkswagen made official news that first leaked last week. The pair are strengthening their alliance to work together on those hottest of emerging automotive technologies, electric vehicles and autonomous driving.
Equal partners in Argo AI
VW will become an equal partner in the self-driving startup Argo AI, putting in $1 billion in cash and another $1.6 billion in the form of Audi’s Autonomous Intelligent Driving spinoff, which will become Argo AI’s European center of operations. Over the next three years, VW will also buy an additional $500 million of Argo AI shares from Ford. (Ford will still complete