Ford Plans To Spend $4 Billion On Autonomous Vehicles By 2023 (techcrunch.com)

An anonymous reader quotes a report from TechCrunch: Ford Motor plans to spend $4 billion through 2023 in a newly created LLC dedicated to building out an autonomous vehicles business. The automaker announced Tuesday it has created Ford Autonomous Vehicles LLC, which will house the company'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 $4 billion spending plan includes a $1 billion investment in startup Argo AI. The new LLC 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.