Ford, Volkswagen-Backed Argo AI To Shut Down- TechCrunch
Self-driving startup Argo AI will shut down operations and its employees and parts will be absorbed by its main backers, Ford Motor Co and Volkswagen AG, TechCrunch reported on Wednesday, citing people familiar with the matter.
Argo employees were told that some of them would receive offers from the two automakers, TechCrunch said, adding that it was not clear how many employees would go to Ford, Volkswagen, or lose their jobs.
Ford did not immediately respond to a Reuters request for comment, while Argo AI and Volkswagen declined to comment.
Argo AI in July said it had laid off about 150 employees as it made adjustments to its business plans. It still had over 2,000 employees globally after the job cuts.
Started in 2016, Pittsburgh-based Argo AI was developing the technology behind driverless vehicles. It had raised at least $3.6 billion in investments, mainly from Ford and Volkswagen.
Related News
Latest Cars
Upcoming Cars
Latest News
car&bike Team | May 14, 2026Yamaha R15, R3 70th Anniversary Launched OverseasTo mark Yamaha’s 70th anniversary, special edition models of the Yamaha R15 and Yamaha R3 have been launched in Brazil.1 min read
car&bike Team | May 14, 2026CNG Prices Increased By Rs. 2 Per Kg In Mumbai; Now Stands At Rs. 84 Per KgWith this revision, the price of CNG in Mumbai, Navi Mumbai, Thane, and surrounding areas has increased from Rs. 82 per kg to Rs. 84 per kg.1 min read
car&bike Team | May 14, 2026TVS Motor Company To Increase Annual Production By 1.5 Million UnitsThe company will invest Rs. 3,500 crore in FY27 to expand capacity, as well as boost R&D1 min read
Jaiveer Mehra | May 14, 2026Honda Set To Enter India's Sub-4M SUV Segment In 2028At the announcement of its Q4 FY2026 financial results, Honda revealed plans to introduce new sub-4m and mid-size models in India starting from 2028.3 mins read
car&bike Team | May 13, 2026Kia Introduces BaaS Scheme For Carens Clavis EVKia India has introduced a Battery-as-a-Service scheme for the Carens Clavis EV, allowing customers to separately finance the vehicle body and battery while paying a usage-based battery fee.2 mins read
car&bike Team | May 13, 2026Honda City Facelift Spied Undisguised Ahead of DebutCosmetic updates to the sedan include a new look grille, more angular headlamps and a redesigned front bumper.1 min read
Preetam Bora | May 11, 20262026 Suzuki Burgman Street 125 Review: What’s Good, What’s Not?The new Suzuki Burgman Street 125 gets refreshed design, minor but meaningful tweaks to the engine, a stiffened chassis, new features and more. But is it worth recommending? Read on, to find out.8 mins read
Bilal Firfiray | May 11, 2026Audi SQ8 Review: The Performance SUV That Actually Makes SenseThe Audi SQ8 has the performance of a V8 seamlessly combined with the everyday luxury and comfort, making it one of the most complete performance SUVs on sale in India today.5 mins read
Jafar Rizvi | May 3, 2026River Indie Gen 3 Long Term Report: 1 Month, 400 km AfterAfter a month and 400 km, the River Indie impresses with its utility-first approach, smooth ride and standout design, despite a few everyday usability compromises.8 mins read
Bilal Firfiray | May 2, 2026Volkswagen Taigun Facelift Review: Still The Driver’s SUV, But Improved!The updated Volkswagen Taigun gets a new 8-speed automatic, a refreshed design, and added features. But does it still deliver the best driving experience in the C-SUV segment?5 mins read
Shams Raza Naqvi | Apr 29, 2026Toyota Innova Hycross Vs Mahindra XEV 9S: Choosing The Right Three Row Family MoverIn a battle of three-row cars the electric Mahindra XEV 9S takes on the Toyota Innova Hycross. Which one ticks more boxes?1 min read