Ford cuts investment in autonomous vehicle unit, posts loss

3 years ago
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https://apnews.com/346f265dbc6c3fb79671759b7b4d40eb

DETROIT (AP) — Ford is pulling out of its investment in Argo AI, an autonomous vehicle company that it jointly owns mainly with Volkswagen.

The company said Wednesday in its third-quarter earnings materials that it is switching investment priorities from fully autonomous vehicles to advanced driver assist systems.