Driverless Argonauts are all on valuation quests

Brasil Notícia Notícia

Driverless Argonauts are all on valuation quests
Brasil Últimas Notícias,Brasil Manchetes
  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Ford and Volkswagen have teamed up on a self-driving unit. But working out how to value the outfit is a quest in itself. AntonyMCurrie LiamWardProud

Ford Motor and Volkswagen on July 12 unveiled a partnership to develop electric and autonomous vehicles. The two had first publicly broached the idea at the North American International Auto Show in Detroit in January.

The self-driving part of the deal puts an enterprise value of more than $7 billion on Ford’s Argo AI division. VW is folding its own unit, Autonomous Intelligent Driving, valued at $1.6 billion, into Argo and will buy $500 million-worth of Argo shares from Ford over the next three years. The German carmaker will also provide $1 billion to fund Argo’s operations.

The two automakers will have equal stakes in the startup, together comprising a majority. Argo’s founders, including Chief Executive Bryan Salesky, and employers will also own part of the company. Exact stakes have not yet been disclosed. Ford will also use VW's electric-vehicle design to build at least one high-volume, fully electric vehicle for its European customers starting in 2023. Ford hopes to build more than 600,000 electric vehicles in Europe over six years, sourcing components and the vehicle underpinnings from VW.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Breakingviews /  🏆 470. in US

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Driverless cars' big test: Europe's cranky roads - Reuters TVDriverless cars' big test: Europe's cranky roads - Reuters TVSelf-driving cars face a big test on Europe's narrow and winding roads. Some firms in the region think that could spell opportunity for them.
Consulte Mais informação »

The market's Fed cut 'obsession' is all smoke and mirrors, says dean of valuationThe market's Fed cut 'obsession' is all smoke and mirrors, says dean of valuationInvestors should be paying attention to earnings over the Federal Reserve's policy moves, says NYU Stern's Aswath Damodaran.
Consulte Mais informação »

Privacy Startup OneTrust Reaches $1.3 Billion Valuation From Its First Funding RoundPrivacy Startup OneTrust Reaches $1.3 Billion Valuation From Its First Funding RoundOneTrust is a unicorn after a $200 million Series A funding round. The enterprise tech startup helps companies navigate privacy laws, like the EU's GDPR.
Consulte Mais informação »

Privacy Startup OneTrust Reaches $1.3 Billion Valuation From Its First Funding RoundPrivacy Startup OneTrust Reaches $1.3 Billion Valuation From Its First Funding RoundOneTrust is a unicorn after a $200 million Series A funding round. The enterprise tech startup helps companies navigate privacy laws, like the EU's GDPR.
Consulte Mais informação »

Miley Cyrus: 'I Still Am Very Sexually Attracted to Women'Miley Cyrus: 'I Still Am Very Sexually Attracted to Women'Miley Cyrus talks to Elle magazine about her 'unique' marriage to Liam Hemsworth and her sexuality. 'I still am very sexually attracted to women,' she says.
Consulte Mais informação »

Giant manta ray spotted off Alabama coast: 'An amazing experience, I am a better man for it'Giant manta ray spotted off Alabama coast: 'An amazing experience, I am a better man for it'The Atlantic Manta is the biggest species of ray in the world, reaching up to 30 feet in width in rare cases.
Consulte Mais informação »



Render Time: 2025-03-15 14:21:40