Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI
Green Car Congress
JULY 12, 2019
As part of the transaction, Volkswagen also will purchase Argo AI shares from Ford for $500 million over three years. Volkswagen will invest $2.6 billion in Argo AI by committing $1 billion in funding and contributing its $1.6 Ford will invest the remaining $600 million of its previously announced $1 billion cash commitment in Argo AI.
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