VW invests $2.6 billion in self-driving startup Argo AI as part of Ford alliance
VW Group is investing $2.6 billion in capital and assets into Argo AI, the Pittsburgh-based autonomous vehicle startup that burst onto the scene two years ago with $1 billion in backing from Ford. The Argo piece of this tie-up involves more than just an injection of capital in return for a stake in the startup and board seats.