VW closes $2.6 billion investment in self-driving startup Argo AI
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(Reuters) - German automaker Volkswagen AG has closed its $2.6 billion investment in Argo AI, the Pittsburgh-based self-driving startup disclosed in a blog post on Tuesday. Argo, founded in 2016 by Bryan Salesky and Peter Rander, is now jointly controlled by VW and Ford Motor Co , which made an initial investment in Argo shortly after it was founded.Details of the VW investment, which does not include an agreement to purchase $500 million (2.08 billion pounds) worth of Argo stock from Ford, was..