DETROIT (Reuters) – A wide alliance between Ford Motor Co (F. N) and Volkswagen AG (VOWG_p.DE that is with a partnership in Ford’s self-driving unit of the Argo, the AI was able to draw the balance of power in the autonomous vehicles.
The Ford logo is seen on the Ford is the oldest in Brazil to plant after the company announced the closure, in São Bernardo do Campo, Brazil February 21, 2019. REUTERS/Amanda Perobelli
A Ford-VW, a collaboration with the Argo, the Pittsburgh-based start-up that has the focus, Ford’s self-driving development, and since 2017, when it would be able to help you mitigate the financial and technical burden on each manufacturer. It can also speed up the implementation of the timetables of the two, who have said that they are planning for autonomous vehicles to be in operation in 2021.
Today, it has been overlooked as a Waymo, Alphabet, Inc. ‘ s (GOOGL.D) a self-driving subsidiary, has deployed its robo-vans, and General Motors Co. (GM.S), Cruise Automation, a subsidiary, has raked in billions of dollars of investment.
With the VW, the world’s largest car maker by sales volume last year, Today would have to be aligned with a partner that has a significant size and resources.
Ford and VW said on Thursday they are expanding their global alliance, and that the two firms’ chief executives would be holding a press conference in New York on Friday, where they are expected to announce details of a technology-sharing agreement.
A Ford-VW deal, which means that the Dream could also have wider implications for other similar partnerships, as well as valuations of the related start-up companies.
The previous estimate of Today’s value ranged from $2 billion to $4 billion. Depending on the size of VW’s investment, that valuation could rise to $7 billion, according to a source familiar with the Ford-VW-forums.
In addition, the value of the Cruise, jumped to $19 billion earlier this year after it pulled in more than $6 billion in investment from SoftBank Group (9984.T), Honda Motor Co (7267.(T), and t Rowe Price (TROW.D).
The value of a pick-up in-services firm Uber Technologies’ UBER.(N) Advanced Technologies Group has climbed to more than $7 billion earlier this year after SoftBank, Toyota Motor Corp (7203.(T) and Denso Corp (6902.(T) an investment of $1 billion.
These ratings are dwarfed by the estimates for the Waymo, which is widely recognized as the industry leader. Morgan Stanley’s values, Waymo the way up to $175 billion, while Jefferies of the values of the company, up to $250 million.
Both estimates take into account the Waymo emerging robotaxi issues, and the potential for future revenue streams from the delivery service, and a stream of in-vehicle services, such as e-commerce and infotainment.
With the VW, the Audi unit, the head of the German automaker’s Automated Intelligence-Driving (AID) unit in Munich, is said to have regarded it as a $13.7 billion investment last year in the Waymo for up to 10 per cent of the shares that would have been appreciated Waymo at $137 billion.
VW recently entered into an agreement for the development of the agreement with Aurora, the Silicon Valley, self-moving, start-up, which includes Hyundai Motor Co (005380.ME and the Fiat-Chrysler automobiles (FCHA.MI) among its customers. Fiat-Chrysler also supplies the vehicle Waymo.
Aurora is valued at $2.5 billion. Investors include Hyundai, Amazon, Inc. (AMZN.D).
Today, that is, the majority of the property, the No. 2 U.S. automaker, is part of Ford’s Autonomous Vehicles, LLC. Ford has put in the device and by 2018, pledging to invest $4 billion up to 2023.
Reporting by Paul Lienert in Detroit; Editing by Dan Grebler and Leslie Adler