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Volkswagen to inject $2.6 billion into Ford unit Argo AI: source

Carmaker Volkswagen will inject $2.6 billion into Ford's self-driving unit Argo AI at an overall valuation of $7 billion in the deal, a source close to the matter said on Friday......»»

Category: topSource: reutersJul 12th, 2019

Volkswagen to contribute $2.6 billion to Ford"s autonomous venture: source

Carmaker Volkswagen will inject $1 billion in capital and $1.6 billion worth of assets into Ford's self-driving unit, a source close to the matter said on Friday, as the two carmakers deepen a global alliance to share costs......»»

Category: topSource: reutersJul 12th, 2019

Volkswagen investing $2.6B in Argo self-driving car program

Volkswagen said Friday that it will invest $2.6 billion in Ford Motor Co.'s self-driving Argo AI auto unit. The German automaker said it will invest $1 billion and will contribute its $1.6 billion Autonomous Intelligent Driving (AID) company to For.....»»

Category: topSource: bizjournalsJul 12th, 2019

Volkswagen investment vaults Argo into top ranks of self-driving firms

Volkswagen AG's $2.6-billion investment in Ford Motor Co's Argo AI self-driving unit, announced on Friday, immediately vaults the two-year-old Pittsburgh-based startup into the top ranks in the sector......»»

Category: topSource: reutersJul 12th, 2019

Ford"s stock rallies after Volkswagen confirms $2.6 billion investment in SDS partner Argo AI

Shares of Ford Motor Co. rallied 1.4% in premarket trading Friday, after Germany-based automaker Volkswagen AG confirmed that it will invest $2.6 billion in Ford's self-driving services (SDS) partner Argo AI, as part of an expansion of the compa.....»»

Category: topSource: marketwatchJul 12th, 2019

A Ford-Volkswagen alliance with Argo could redraw self-driving sector

An expanded alliance between Ford Motor Co and Volkswagen AG that includes a partnership in Ford self-driving unit Argo AI could redraw the balance of power in autonomous vehicles......»»

Category: topSource: reutersJul 11th, 2019

Volkswagen in discussions to buy Ford"s Argo unit, Reuters reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMar 28th, 2019

VW in talks to buy stake in Ford"s Argo unit, to develop pickup truck

Volkswagen has signed a deal to develop a pickup truck with U.S. rival Ford and continues discussions about extending its alliance to include autonomous driving and mobility services, the German carmaker said on Thursday......»»

Category: topSource: reutersMar 28th, 2019

Volkswagen plans nearly $2B investment in Ford"s Argo unit, WSJ reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 26th, 2019

Ford, Volkswagen team up on tech, self-driving vehicle development for US and Europe

Volkswagen will invest in Argo AI, which.....»»

Category: topSource: usatodayJul 12th, 2019

Ford, Volkswagen to be equal shareholders in Argo AI

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJul 12th, 2019

Ford, Volkswagen confirm investment in Argo AI

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJul 12th, 2019

Volkswagen, Ford reach outline agreement to share electric, autonomous tech: source

Ford and Volkswagen have reached an outline agreement to share electric and autonomous car technologies, extending their alliance beyond a cooperation on commercial vehicles, a source familiar with the matter said on Friday......»»

Category: topSource: reutersJul 5th, 2019

PG&E bondholders propose bankruptcy exit plan worth up to $30 bln

A committee of bondholders of PG&E Corp's utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires......»»

Category: topSource: reutersJun 25th, 2019

PG&E bondholders propose bankruptcy exit plan worth up to $30 billion

A committee of bondholders of PG&E Corp's utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires......»»

Category: topSource: reutersJun 25th, 2019

VW to float 10% of truck unit, seeks to raise 1.9 billion euros

Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by opting to float a 10% stake......»»

Category: topSource: reutersJun 14th, 2019

VW sells truck unit stake, eyes Ford tie-up

Volkswagen is aiming to raise over $2bln by floating at least 10% of its trucks unit, Traton, and says it's close to a deal with Ford to join forces on electric cars. Julian Satterthwaite reports......»»

Category: videoSource: reutersJun 14th, 2019

Volkswagen to float 10% of truck unit, seeks to raise 1.9 billion euros

Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by opting to float a 10% stake......»»

Category: topSource: reutersJun 14th, 2019

Volkswagen aims to raise 1.9 billion euros from truck unit IPO

Volkswagen said on Friday that it aims to raise up to 1.9 billion euros ($2.1 billion) by floating a stake of at least 10% in its Traton trucks unit later this month, its second attempt to bring the business to market......»»

Category: topSource: reutersJun 14th, 2019

United Technologies nears deal to merge aerospace unit with Raytheon: source

United Technologies Corp is nearing a deal to merge its aerospace business with U.S. defense contractor Raytheon Co and form a new company worth well over $100 billion, a person familiar with the matter said on Saturday......»»

Category: topSource: reutersJun 8th, 2019

VW truck brand to invest $344 million in Brazil after Ford exit

Volkswagen AG truck brand Scania said on Tuesday it will invest 1.4 billion reais ($344.14 million) to modernize its Brazilian factory in Sao Bernardo do Campo, an industrial city near Sao Paulo......»»

Category: topSource: reutersMay 21st, 2019