Hyperdrive

Argo’s Tie-Up With Ford, VW Leaves Room for Asian Automaker

CEO of self-driving startup says a third partner is possible
VW CEO Diess praises Argo’s talent, technological road map

Ford and VW CEOs talk about working together to develop driverless and electric cars.Source: Bloomberg)

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By Keith Naughton

July 12, 2019 at 12:11 PM UTC

Updated on

July 12, 2019 at 3:06 PM UTC

This article is for subscribers only.

Argo AI, the self-driving startup that just sealed a $2.6 billion investment from the world’s biggest carmaker, says there’s room in its partnership with Volkswagen AG and Ford Motor Co. for another manufacturer to fill a void in its global footprint in Asia.

Argo, founded by veterans of Uber Technologies Inc. and Alphabet Inc.’s Waymo autonomous-driving unit, will count Ford and VW as its two biggest investors. Ford in 2016 pledged $1 billion in funding, while its German rival joined in with the deal announced on Friday.