OEM-Backed Autonomous Vehicle Project Shuts Down

Nov. 1, 2022

Two setbacks in the driverless technology world raise major roadblocks for development.

Nov. 1, 2022—Argo AI, a venture backed by Ford and Volkswagen, will shut down.

The automakers are each taking billions in losses over the driverless technology project, reports Yahoo News. Doug Field, a technology executive with Ford, said in a recent earnings call that driverless technology at a functional level is going to be a very difficult problem to solve.

The story also cited a federal investigation into Tesla's Full Self-Driving technology as signs that true driverless tech is not as close as some might think.

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FenderBender Staff Reporters

The FenderBender staff reporters have a combined two-plus decades of journalism and collision repair experience.

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