They killed the 1700 person company they part owned/controlled with VW and then hired 550 engineers directly.
If Argo.ai wasn't going in the direction they need for Fords products they could either get full control or kill it and hire the engineers. The latter might be more risky but is probably cheaper than buying, reorganising and making people redundant.
The 2.7B was already spent - they've just moved it from 'investment' to 'losses' in their accounting
If Argo.ai wasn't going in the direction they need for Fords products they could either get full control or kill it and hire the engineers. The latter might be more risky but is probably cheaper than buying, reorganising and making people redundant.
The 2.7B was already spent - they've just moved it from 'investment' to 'losses' in their accounting