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Volkswagen closes $2.6 billion investment in self-driving startup Argo AI

Christian Fernsby ▼ | June 2, 2020
Volkswagen has closed its $2.6 billion investment in Argo AI, the Pittsburgh based self driving startup disclosed in a blog post on Tuesday.
Volkswagen Chinese
Pittsburgh   Volkswagen Chinese
Argo, founded in 2016 by Bryan Salesky and Peter Rander, is now jointly controlled by VW and Ford Motor Co, which made an initial investment in Argo shortly after it was founded.

Topics: Volkswagen

VW’s agreement includes the transfer to Argo of its Munich-based Autonomous Intelligent Driving unit, which boosts Argo’s employment to more than 1,000, according to Salesky.