Ford creates new organization to focus on autonomous vehicles
Autonomous Vehicle Technology announces 2019 ACES Award Winner in Autonomy | Product Management
In August, Ford Motor Co. organized its far-flung self-driving businesses into Ford Autonomous Vehicles LLC, which includes systems integration, autonomous vehicle research and advanced engineering, AV transportation-as-a-service network development, user experience, business strategy, and business development teams. Structured to take on third-party investment, the new organization will be primarily based at Ford’s Corktown campus in Detroit and will hold Ford’s ownership stake in Argo AI, the company’s Pittsburgh-based partner for self-driving system development.
Ford expects to invest $4 billion in its AV efforts through 2023, including its $1 billion investment in Argo AI. Sherif Marakby, currently Ford Vice President, Autonomous Vehicles and Electrification, was appointed CEO of Ford Autonomous Vehicles LLC. The company believes that closer alignment of the self-driving platform and the mobility solutions teams will allow faster development of businesses that can thrive in the pre- and post-autonomous vehicle worlds.
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