Ford and VW have been in talks for months now on possible tie-ups between the two automakers to help reduce the cost of developing new vehicles, among other things.
VW and Ford have announced today that VW will be investing in Ford’s autonomous auto division Argo AI.
The exact amount of money that VW has invested in Argo AI is a mystery.
What we do know is that the investment values Argo AI at over $7 billion.
Ford and VW will work with Argo AI to deploy the Argo AI self-driving system in Europe and the US.
Argo AI remains focused on delivering level-4 self-driving cars and trucks capable of being used in ridesharing and delivery services in dense urban areas.