Ford continues to make strides in the Automotive Industry with investment to autonomous vehicles development that are expected to total to $4 billion through 2023. Within these autonomous investments, Ford has created a subsidiary devoted to those efforts called Ford Autonomous Vehicles LLC.
Ford Autonomous Vehicles LLC will be based primarily at a campus Ford is creating right in Detroit’s Corktown neighborhood. The goal of the LLC is to fulfill Ford’s promise to launch a self-driving commercial vehicle at scale in 2021. As a part of the launch, it will include the following:
- Automaker’s self-driving systems integration
- Autonomous vehicle research & advanced engineering
- AV transportation-as-a-service network development
- User experience
- Business strategy and business development teams
The investment of $4 billion in AV spending includes $1 billion that Ford has committed to investing in Argo AI, a Pittsburgh startup that has become its partner in self-driving system development. This will help with the development of the vehicle development of Ford’s product line.
This announcement follows Ford’s recent purchase of Detroit’s vacant Michigan Central Station. Ford plans to convert the station into the dedicated work place to work on autonomous and electric vehicles.