In order to accelerate its self-driving car technology, Ford will be investing $4 billion in creating a subdivision called Ford Autonomous Vehicles LLC, based in Ford’s Corktown Campus in Detroit.
“Ford has made tremendous progress across the self driving value chain – from technology development to business model innovation to user experience,” said Ford president and CEO Jim Hackett in a statement. “Now is the right time to consolidate our autonomous driving platform into one team to best position the business for the opportunities ahead.”
Read the article at MSN.
