{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/ford-forms-automated-driving-subsidiary-from-argo-ais-remains/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Ford forms automated driving subsidiary from Argo AI’s remains","slug":"ford-forms-automated-driving-subsidiary-from-argo-ais-remains","createdLocal":"2023-03-03 14:31:00.523083","publishDate":"2023-03-02 00:00:00","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://techcrunch.com/2023/03/02/ford-forms-automated-driving-subsidiary/"},"postSummary":{"childMarkdownRemark":{"html":"<p>Ford has launched a wholly owned subsidiary — staffed by hundreds of former employees of Argo AI — that will initially focus on commercializing a hands-free, eyes-off driver-assistance system.\nThe new 550-person company, called Latitude AI, will be dedicated to improving Ford’s existing advanced driver-assistance system known as BlueCruise and developing new automated driving technology for its next-generation of vehicles.\n“We see automated driving technology as an opportunity to redefine the relationship between people and their vehicles,” Doug Field, Ford’s chief advanced product development and technology officer, said in a statement.\nThe startup shuttered suddenly in October 2022 after Ford and VW determined they would no longer pursue AV technology, at least not under the Argo umbrella.\nThe company said it recorded a $2.7 billion noncash, pretax impairment on its investment in Argo AI.</p>"}}}},"pageContext":{"slug":"ford-forms-automated-driving-subsidiary-from-argo-ais-remains"}}}