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 […]

Audi Recalls Its First Electric Car for Battery Fire Risk

Volkswagen AG luxury brand Audi is recalling its first all-electric vehicle due to the risk of a battery fire. The company issued a voluntary recall of approximately 540 E-Tron SUV models sold in the U.S. because of a risk that moisture can seep into the battery cell through a wiring harness glitch, spokesman Mark Dahncke […]