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July 12 - 15:07
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Volkswagen bets $2.6 billion on self-driving startup Argo
Volkswagen has put $2.6 billion into Ford's AI self-driving unit Argo. The investment was made as part of a wider tie-up between the two manufacturers. They formed a global alliance in January to work on future technology in the automotive sector. Argo, formed in 2016, has built a proprietary self-driving platform. Volkswagen and Ford will have two seats each on the Argo board.
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