Ford has committed $4 billion to developing self-driving technology and jump-starting a business that revolves around automated vehicles. Starting about the time it made a billion-dollar investment in Argo AI during the spring of 2017, the company made internal plans to spend an additional $3 billion through 2023 to get a business revolving around automated vehicles off the ground. Ford executives revealed the cumulative financial figure Tuesday as the company’s self-driving-vehicle efforts reached a new milestone: The company has spun several of the businesses into their own subsidiary called Ford Autonomous Vehicles LLC.
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