Stay updated with breaking news from Peter Rander. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
One of Pittsburgh’s autonomous vehicle companies announced Wednesday that it is shutting down. It’s unclear how many Pittsburgh workers will be laid off, as some employees at the Strip District-based company will be absorbed into two of Argo’s investors: Ford Motor Co. and Volkswagen AG. In addition to its headquarters
The move will shut down the Pennsylvania-based startup that launched publicly in 2017 with a $1 billion investment from Ford.
Here's what we know about the Ford-backed AV company's news so far.
Main backers Ford and VW are expected to absorb its employees and technology.
Ford and VW dissolve Argo AI, casting doubt on the future of fully autonomous vehicles.