In a bid to win the high-stakes talent war in the budding self-driving car industry, auto giant Ford has decided to bet $1 billion through a majority investment in a start-up company called Argo AI.
Announcing the deal, the American auto giant said that a group of company employees along with its virtual driver system (autonomous vehicles) will join forces with the talent and expertise of Argo AI's founders and their strong experience in robotics.
On Monday, Ford Motor Co said that it is recalling nearly 435,000 vehicles, mostly in North America, because of two separate and unrelated problems --- rusting frame parts or defective seats.
After 2007, it was the best year for US auto sales and among the leading winners were the car companies from Detroit.
On Friday, automakers said that in spite of weaker-than-expected results in December, the industry sold 15.6 million new cars and trucks in 2013 which represent a healthy 7.6 per cent boost over the previous year.
With the gradual increase in the field of science, new technologies are being developed, which helps in reducing human efforts and provides ease to them.
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