Ford considering take over of Argo AI’s footprint in Pittsburgh following shutdown and layoff of 679 workers

Ford Motor Co. is considering the possibility of taking over at least some of the space in the Strip District headquarters of Pittsburgh-based autonomous vehicle company Argo AI LLC following the announcement Wednesday that Argo would be shut down.

Ford (NYSE: F) and Volkswagen served as Argo’s largest backers, investing over $1 billion into the startup over the years that at one point put its valuation at more than $7 billion.


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