June 02 - 12:06
Self-driving startup Argo.ai closes $2.6 billion investment from VW
The self-driving car startup Argo.ai has closed a $2.6 billion investment from VW. The Pittsburgh-based company will now be jointly controlled by the German automative giant and Ford, which invested int he business shortly after it was established. The agreement includes the integration of VW Group’s Munich-based Autonomous Intelligent Driving team, adding 1,000 people to Argo.ai's workforce.
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