Ford creates new self-driving vehicle unit

The new Ford Focus car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee - Copyright Jason Lee(Reuters)

By Reuters

Published on 24/07/2018 - 17:34•Updated 24/04/2024 - 12:08

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(Reuters) - Ford Motor Co said on Tuesday it created a new unit called Ford Autonomous Vehicles LLC as it looks to accelerate its autonomous vehicle business.

The No. 2 U.S. automaker said it would invest $4 billion through 2023 to develop autonomous vehicles.