Autonomous Trucks
The founders of Argo AI, the autonomous vehicle company that was shut down in 2022, are launching a new self-driving business that could specialize in trucking and ride-hailing, according to people familiar with the matter. The still-unnamed startup has hired between 40 and 50 workers, according to one of the people, who asked not to be identified because the effort is private. It will be based in Pittsburgh, which was home to Argo and is also the headquarters city for Ford Motor Co.’s new semi-autonomous-driving subsidiary, Latitude AI. The two autonomy entrepreneurs are starting anew after Ford and Volkswagen AG pulled the plug on Argo, shutting down the startup with more than 2,000 employees worldwide. The robo-taxi business is also down to just a few players, with General Motors Co.’s Cruise LLC expanding into new markets along with Waymo.