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Ford to invest $1 billion in autonomous vehicle tech firm Argo AI Feb 10, 2017
 

Ford logo is pictured at a car dealership in MonterreyFord Motor Co plans to invest $1 billion over the next five years in tech startup Argo AI to help the Detroit automaker reach its goal of producing a self-driving vehicle for commercial ride sharing fleets by 2021, the companies announced on Friday. The investment in Pittsburg-based Argo AI, founded by former executives on self-driving teams at Google and Uber, will make Ford the company's largest shareholder. Ford Chief Executive Officer Mark Fields said the investment is in line with previous announcements on planned capital expenditures.


 
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