Ford And Volkswagen Folded Argo AI After Failing To Reach Deal With Amazon
Ford And Volkswagen Folded Argo AI After Failing To Reach Deal With Amazon
福特和大众汽车在未能与亚马逊达成协议后关闭了Argo AI
- Amazon.com Inc (NASDAQ: AMZN) ditched its plan to invest in Argo AI, Bloomberg reports. Argo is a start-up backed by Ford Motor Co (NYSE: F) and Volkswagen AG (OTC: VWAGY).
- Amazon initially planned to use Argo's self-driving technology to automate some of the electric delivery vans it's buying from Rivian Automotive, Inc (NASDAQ:RIVN), setting up a test fleet in multiple U.S. cities.
- Also Read: Amazon Weighs Paring Back On Unprofitable Businesses Like Alexa; Introduces New Warehouse Robot To Cut Down On Lag
- Ford and VW were eager to attract a third partner to Argo to help shoulder the high cost of developing self-driving technology.
- The budding relationship soured as Ford and VW grew wary that Amazon would divert Argo's talent and attention.
- The companies also struggled to develop a governance structure to share control of Argo.
- Additionally, the high cost of Argo's technology was a reason for Amazon's back-off.
- At Amazon, the mergers and acquisitions executive championing the deal and working directly with Argo left. Around the same time, Dave Clark, CEO of Amazon's consumer business, also exited.
- VW CEO Herbert Diess, architect of the automaker's investment in Argo and a driver of the Amazon deal, was ousted by the board amid concerns about the company's direction and a debacle with glitchy software in its cars.
- Without Amazon, Argo failed to attract other investors and bolster its credibility for public listing.
- Ford and VW last month shut down Argo, which at one time was worth over $7 billion.
- With the Amazon deal dead, Argo had to lay off the 150 employees it hired to work on the new business.
- VW looked at covering Ford's investment in Argo and taking it over completely. Instead, VW invested $2.3 billion to set up an autonomous driving joint venture with China's Horizon Robotics Inc.
- Amazon.com Inc (NASDAQ: AMZN) ditched its plan to invest in Argo AI, Bloomberg reports. Argo is a start-up backed by Ford Motor Co (NYSE: F) and Volkswagen AG (OTC: VWAGY).
- Amazon initially planned to use Argo's self-driving technology to automate some of the electric delivery vans it's buying from Rivian Automotive, Inc (NASDAQ:RIVN), setting up a test fleet in multiple U.S. cities.
- Also Read: Amazon Weighs Paring Back On Unprofitable Businesses Like Alexa; Introduces New Warehouse Robot To Cut Down On Lag
- Ford and VW were eager to attract a third partner to Argo to help shoulder the high cost of developing self-driving technology.
- The budding relationship soured as Ford and VW grew wary that Amazon would divert Argo's talent and attention.
- The companies also struggled to develop a governance structure to share control of Argo.
- Additionally, the high cost of Argo's technology was a reason for Amazon's back-off.
- At Amazon, the mergers and acquisitions executive championing the deal and working directly with Argo left. Around the same time, Dave Clark, CEO of Amazon's consumer business, also exited.
- VW CEO Herbert Diess, architect of the automaker's investment in Argo and a driver of the Amazon deal, was ousted by the board amid concerns about the company's direction and a debacle with glitchy software in its cars.
- Without Amazon, Argo failed to attract other investors and bolster its credibility for public listing.
- Ford and VW last month shut down Argo, which at one time was worth over $7 billion.
- With the Amazon deal dead, Argo had to lay off the 150 employees it hired to work on the new business.
- VW looked at covering Ford's investment in Argo and taking it over completely. Instead, VW invested $2.3 billion to set up an autonomous driving joint venture with China's Horizon Robotics Inc.
- 亚马逊公司 纳斯达克股票代码：AMZN）放弃了投资计划 Argo AI，彭博社报道。Argo 是一家由 Argo 支持的初创公司 福特汽车公司 （纽约证券交易所代码：F）和 大众汽车公司 （场外：VWAGY）。
- 亚马逊最初计划使用Argo的自动驾驶技术来实现其购买的一些电动送货车的自动化 Rivian 汽车有限公司 （纳斯达克股票代码：RIVN），在美国多个城市建立了测试机队。
- 另请阅读： 亚马逊考虑削减像Alexa这样的无利可图的企业；推出新的仓库机器人来减少延迟
- 福特和大众渴望吸引第三个合作伙伴加入Argo，以帮助承担开发自动驾驶技术的高昂成本。
- 随着福特和大众越来越警惕亚马逊会转移Argo的人才和注意力，这种萌芽的关系恶化了。
- 两家公司还努力制定治理结构以共享对Argo的控制权。
- 此外，Argo技术的高昂成本是亚马逊退缩的原因。
- 在亚马逊，支持这笔交易并直接与Argo合作的并购高管离开了。大约在同一时间，亚马逊消费者业务首席执行官戴夫·克拉克也退出了。
- 大众首席执行官赫伯特·迪斯（Herbert Diess）是该汽车制造商对Argo投资的设计者，也是亚马逊交易的推动者。由于担心公司的发展方向以及汽车软件出现故障，大众汽车首席执行官赫伯特·迪斯被董事会罢免。
- 没有亚马逊，Argo就无法吸引其他投资者并提高其公开上市的信誉。
- 福特和大众上个月关闭了曾经价值超过70亿美元的Argo。
- 随着亚马逊的交易失效，Argo不得不裁员为从事新业务而雇用的150名员工。
- 大众考虑报道福特对Argo的投资，并将其完全接管。相反，大众投资23亿美元与中国成立自动驾驶合资企业 地平线机器人公司。
译文内容由第三方软件翻译。
以上内容仅用作资讯或教育之目的，不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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以上内容仅用作资讯或教育之目的，不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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