Volkswagen Joins Ford by Investing Self-Driving Startup Argo AI, Now Worth $7 Billion

Volkswagen AG and Ford Motor Co. will cooperate on electric and self-driving car technology, sharing costs on a global scale to take a major step forward in the industry’s disruptive transformation. 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 […]

Ford Will Shutter U.K. Engine Plant, Extending String of Closures Across Europe

Ford Motor Co. is planning to close a U.K. engine factory as the last major step in an overhaul of its unprofitable European operations. The Bridgend, South Wales plant, which employs about 1,700 workers, builds engines for several Ford models in Europe, including the Fiesta and B-Max. Its future became uncertain 18 months ago when […]

Eye on A.I.— Why Standards Are Critical to Improving Artificial Intelligence

Improving artificial intelligence to help prevent heart attacks doesn’t just depend on innovation. It also hinges on creating standards, the wonky underpinnings of the technology agreed to by companies and government agencies. For example, the Consumer Technology Association, which hosts the annual CES tech show in Las Vegas, recently created an A.I. working group made […]

Could Ford Buy Tesla? Here’s How Likely A “Doomsday” Scenario Is

Former Tesla bulls have been bailing on the company. The stock continues to drop. Bond prices are at low levels. The auto maker is burning through $1 billion in cash a quarter, the cash from the latest $2.7 billion funding round will be gone within ten months, and demand is falling off. One of the […]

Date Sheet–How They Stoke Innovation at Levi Strauss, Ford, and Facebook

A Monday medley of quick thoughts to start your day in tech and other topics: * Fortune publishes a gorgeously photographed and informatively described spread today on the “skunkworks” of three Fortune 500 companies: Levi Strauss, Ford, and Facebook. The three couldn’t be more different, yet they are united by their thirst for innovation. Levi […]

Ford Is Making Its Own Electric Truck, So Why Is It Investing In Rivian?

Ford Motor Company is investing $500 million dollars into Rivian, a Michigan-based electric vehicle (EV) startup and will use the company’s unique battery architecture to develop a yet unnamed vehicle. For Ford, it’s an additional investment into electrification on top of the $11-billion dollars its spending to build a comprehensive EV product portfolio. The announcement […]

UAW Prepares for Strike if GM Shutters More Factories

Gary Jones, the president of the United Auto Workers (UAW), signaled the powerful labor union’s willingness to strike if necessary, announcing on Monday that union leadership will raise weekly strike pay from $200 to $250 a week effective from March 2019. And beginning in January 2020, weekly strike pay will go up again, to $275. […]