Ford considering take over of Argo AI’s footprint in Pittsburgh following shutdown, layoffs

PITTSBURGH — Ford Motor Co. is considering the possibility of taking over at least some of the space in the Strip District headquarters of Pittsburgh-based autonomous vehicle company Argo AI LLC following the announcement Wednesday that Argo would be shut down.

Ford (NYSE: F) and Volkswagen served as Argo’s largest backers, investing over $1 billion into the startup over the years that at one point put its valuation at more than $7 billion.

In an email response to Pittsburgh Inno, Ford’s Executive Director of Communications Jennifer Flake said the Detroit-based automaker also is actively considering the hiring of many employees from Argo’s workforce, which reached about 2,000 workers globally and included about 800 locally.

“All three companies are still working through details on what happens to Argo AI’s physical footprint,” Flake said. “On your Pittsburgh-specific location, Ford is interest[ed] in taking over the facility. As for employees, we’re looking at bringing on board several hundred Argo AI employees holistically. We aren’t breaking them out by location.”

Read more at Pittsburgh Business Times.

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