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.
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