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Tag Archives: Argo AI
Hyundai-Aptiv Startup Motional Expands on West Coast
This move comes as Motional accelerates towards mass commercialization, which includes a landmark agreement with Lyft to launch a multimarket fully driverless service starting in 2023. Motional claims to be one of the world’s key AV players. “We’ve had a presence in Los Angeles for more than five years and are now increasing our investment in California with a new operations facility and road testing in the Los Angeles area, a new San Francisco Bay Area office, and extensive hiring that will more than double the size of our California team,” Motional said in a release. Continue reading
Argo AI, Ford to Launch Self-Driving Vehicles on Lyft Network
Argo AI and Ford will deploy Ford self-driving cars, with safety drivers, on the Lyft network, as part of a network access agreement, with passenger rides beginning in Miami later this year and in Austin starting in 2022. As vehicles are positioned, Lyft users within the defined service areas will be able to select a Ford self-driving vehicle to hail a ride. “This initial deployment phase will lay the groundwork for scaling operations, as the parties are now working to finalize agreements aiming to deploy at least 1,000 autonomous vehicles on the Lyft network, across multiple markets over the next five years,” the companies claimed. Continue reading
Volkswagen, Argo AI to Start Autonomous Driving Tests
Current conventional automaker wisdom (wishdom?) has is that light commercial vehicles are the first, logical place for using autonomous transportation of people and goods. “Our aim with the self-driving version of the ID. BUZZ is to ease commercial deployment of transport and delivery services starting in 2025,” said divisional director Christian Senger during a digital press conference. VW Mobility service provider MOIA will first launch autonomous service in Hamburg, Germany. Continue reading
Ford Motor Q2- Sales Drop -53%. Debt Grows $10B
Analysts, a mysterious species to AutoInformed were surprised and delighted. AutoInformed noted an ongoing warranty cost disaster, which is a management failure not a Covid issue. It remains troubling as Ford is introducing increasingly complex vehicles. Continue reading
Posted in economy, financial results, news analysis, results
Tagged Argo AI, auto industry commentary, autoinformed, autoinformed.com, Ford Motor Earnings, Ken Zino
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Milestones: Volkswagen Completes Promised Argo AI Funding
The numerous problems confronting Ford Motor and Volkswagen AG revolve around a central issue: Whether the two global giants and hundreds of thousands of workers can work together or consume shareholder capital at astonishing, company threatening rates without producing the promise efficiencies – on time and on budget. Continue reading
Ford Places $1B Bet in Argo AI on Autonomous Vehicles
The very small Argo AI team of specialists in robotics and artificial intelligence is led by founders Bryan Salesky, CEO, and Peter Rander, COO. Both are alumni of Carnegie Mellon National Robotics Engineering Center and former heads of the self-driving car teams of Google and Uber, respectively. Continue reading
Ford, Argo AI, Walmart to Launch Autonomous Vehicle Delivery
The deal blends a self-driving technology provider with an automotive manufacturer able to integrate that technology with mass-produced vehicles and the world’s largest retailer. The multi-city service will enable Walmart customers to place orders of groceries and other popular items online for door-to-door autonomous delivery directly to customers’ homes. Continue reading →