Volkswagen Injects A Whopping $1.7 Billion Into Ford's AI Division

Volkswagen Group is preparing to invest up to $1.7 billion in a self-driving joint venture centered on Ford Motor Co.'s Argo AI unit, The Wall Street Journal reported Tuesday, citing sources with knowledge of the discussions.

VW is preparing to invest $600 million as an equity investment in Argo, the newspaper said, with each company owning half of the business. VW would invest $1.1 billion in working capital for the entity's research and development, the report said.

PUGPROUD - 2/26/2019 4:26:44 PM

+1 Boost

Wow, didn't see that coming.

MDarringer - 2/26/2019 7:44:45 PM

-1 Boost

Ford has a LOT that VW needs.

qwertyfla1 - 2/27/2019 7:35:10 AM

-1 Boost

If you can't beat them -buy them.