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Stock impact report

A Ford-Volkswagen alliance with Argo could redraw self-driving sector [Reuters]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: Reuters
A Ford-Volkswagen alliance with Argo could redraw self-driving sector DETROIT (Reuters) - An expanded alliance between Ford Motor Co and Volkswagen AG ( VOWG_p.DE A Ford-VW collaboration with Argo, the Pittsburgh-based start-up that has spearheaded Ford’s self-driving development since 2017, could help reduce the engineering and financial burdens on each automaker. It could also accelerate the deployment timetables of both, which have said they plan to put autonomous vehicles into operation in 2021. Argo has been overlooked as Waymo, Alphabet Inc’s self-driving subsidiary, has deployed its robo-vans, and General Motors Co’s Cruise Automation subsidiary has raked in billions of dollars in investments. With VW - the world’s biggest automaker by sales volume last year - Argo would be aligned with a partner with substantial scale and resources. Ford and VW said on Thursday they are expanding their global alliance and that the two companies’ CEOs would hold a news conference in New York o Show less Read more
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