Ford Motor Co.

Ford Motor Co. strikes unusual deal with driverless car start-up Argo AI

Ford Motor Co. strikes unusual deal with driverless car start-up Argo AI

Ford Motor Co. has bought a majority share in a small artificial intelligence start-up that will help the automaker get driverless vehicles on the road, Ford Chief Executive Mark Fields announced Friday.

Argo AI, based in Pittsburgh, will provide the “brains” for virtual driving systems. Argo becomes a Ford subsidiary and will work intimately with Ford engineers to integrate driverless software with sensors and other hardware systems that will be built into Ford vehicles, Fields said.

Ford will invest $1 billion in Argo over the next five years. For now the company will focus exclusively on Ford, but in the future the company could license its driverless...

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