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Over the past few years, Alphabet's Waymo, GM's Cruise, Argo AI, Intel's Mobileye, and Tesla have pushed forward in the autonomous-mobility business.
Coopetition means that Ford and VW can save money on shared engineering while breaking ranks later when they take new vehicles and services to market.
Ford and VW have stepped up their alliance — Ford will develop an electric vehicle using VW tech by 2023
The VW Group also announced on Friday that it would invest $2.6 billion in the self-driving-car startup ArgoAI. Ford invested $1 billion in 2017.
VW is investing $2.6 billion in ArgoAI following a cash infusion from Ford, valuing the self-driving-car startup at more than $7 billion
ArgoAI would remain an independent company post-deal, which would allow it to seek additional investment from other partners.
The new round is $1.15 billion, and it comes from a group of institutional investors, GM, Japan's SoftBank Vision Fund, and Honda.
Ford has chosen Miami as its development hub for future self-driving vehicle fleets
Automakers are making big investments in a key piece of self-driving-car technology that Tesla is avoiding
Major automakers are increasingly betting on Lidar, while Tesla is sticking with its own tech.