Values Operation: Ford and Funding Vw

values operation: This includes 1 billion in funding and VW contributing its Audi 1.6 billion Autonomous Intelligent Driving unit. ; While Ford and Volkswagen remain independent and fiercely competitive in the marketplace, teaming up and working with Argo AI on this important technology allows us to deliver unmatched capability, scale and geographic reach, Ford Chief Executive Officer Jim Hackett said, according to The Japan Times. Ford shares climbed as much as 2.1 percent as of 9 40 a.m. VW will invest 2.6 billion in Ford's autonomous-car partner Argo AI in a deal that values the operation at more than 7 billion, the two manufacturers said Friday in a joint statement in New York, confirming a figure first reported by Bloomberg. Friday in New York. Unprecedented shifts facing the auto industry are forcing players to consider new partnerships and potential consolidation. VW's preferred stock was up 1.6 percent in Frankfurt. (news.financializer.com). As reported in the news.