Argo AI | NewzPad

The transportation stories that drove 2022

Latest / Startup / Technology

The transportation stories that drove 2022

December 28, 2022December 30, 2022 - by Amit Yadav - Leave a Comment

2022 was the kind of year that made us think, “What a time to be alive and reporting on transportation.” This year was absolutely dominated by conversations around the realities …

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Lyft takes 5.7 million hit on Argo AI shutdown

Latest / Startup / Technology

Lyft takes $135.7 million hit on Argo AI shutdown

November 8, 2022November 9, 2022 - by Amit Yadav - Leave a Comment

Ride-hailing company Lyft lost $135.7 million in the third quarter due to the shutdown of autonomous vehicle company Argo AI, in which Lyft had a small stake. Late last month, …

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Ford, VW seeking buyer for Argo AI’s lidar unit

Latest / Startup / Technology

Ford, VW seeking buyer for Argo AI’s lidar unit

November 1, 2022November 3, 2022 - by Amit Yadav - Leave a Comment

Ford and Volkswagen are trying to squeeze any remaining value out of Argo AI, the autonomous vehicle startup the two automakers invested billons in before abruptly shutting it down last …

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Ford takes .7B hit on Argo shutdown, shifts its bet to driver assist tech

Latest / Startup / Technology

Ford takes $2.7B hit on Argo shutdown, shifts its bet to driver assist tech

October 26, 2022October 27, 2022 - by Amit Yadav - Leave a Comment

As the third-quarter earnings drumbeat continues, we learned more about the state of global supply chains, global consumer appetite for big-ticket items and the future of self-driving technology. After the …

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Ford, VW-backed Argo AI is shutting down

Latest / Startup / Technology

Ford, VW-backed Argo AI is shutting down

October 26, 2022October 27, 2022 - by Amit Yadav - Leave a Comment

Argo AI, an autonomous vehicle startup that burst on the scene in 2017 stacked with a $1 billion investment, is shutting down — its parts being absorbed into its two …

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