Ford Motor Co. Creates Ford Autonomous Vehicles LLC

DEARBORN — Ford Motor Co. announced it has created Ford Autonomous Vehicles LLC, a new organization charged with accelerating its autonomous vehcile business.

The new LLC will take over Ford’s self-driving systems integration, autonomous vehicle research and advanced engineering, AV transportation-as-a-service network development, user experience, business strategy and business development teams.

The new LLC, which is structured to take on third party investment, will be primarily based at Ford’s Corktown campus in Detroit and will hold Ford’s ownership stake in Argo AI, the company’s Pittsburgh-based partner for self-driving system development.

Ford expects to invest $4 billion in its AV efforts through 2023, including its $1 billion investment in Argo AI.

To read the rest of this story, click on https://www.techcentury.com/2018/07/24/ford-motyor-co-creates-ford-autonomous-vehicles-llc/

About the Author: Matt Roush

Matt Roush is Managing Editor of the University News Bureau and Director of Media Relations at Lawrence Technological University in Southfield, and co-host of MITech TV with MITechNews founder and publisher Mike Brennan. Before joining LTU, Roush spent more than 30 years as a reporter and editor covering high tech, business, and local government for media outlets including WWJ Newsradio 950, Crain’s Detroit Business, the Kalamazoo Gazette, and the Traverse City Record-Eagle.