Ford CEO Farley outlines the commercial reasons behind Argo AI's demise

Ford CEO Farley outlines the commercial reasons behind Argo AI’s demise

“Commercialization of L4 autonomy at scale will take considerably longer than we originally anticipated,” said Doug Field, Ford’s chief advanced product development and technology officer, during the call. “L2+ and L3 driver-assist technologies to offer a bigger targeted client base, allowing for faster scaling and profitability.”

Farley predicts that upgraded L2+ and L3 systems will be available in the following years, along with the company’s second EV cycle in 2023-2025. “Ford is entirely renewing its worldwide EV range, offering fully updatable electrical designs and in-house software development for vehicle management,” Farley said.