Ford Investing $4 Billion in AV
Ford is investing $4 billion in its autonomous vehicle business, including a $1 billion plug in Argo AI, through 2023, it said Tuesday, announcing a reorganization effective Aug. 1 (see the personals section of this issue). Citing computing power…
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in cars and mobile devices, CEO Jim Hackett said, “We can now harness this technology to unlock a new world of vehicle personalization, supply chain choreography and inventory leanness.”