Kiel Porter and Keith Naughton

Business, Technology, Autonomous

Ford-Backed Argo Chooses Citigroup, JPMorgan to Go Public

An Argo-modified Ford Fusion autonomous vehicle sits parked in New York in July 2019. An Argo-modified Ford Fusion autonomous vehicle sits parked in New York in July 2019. (Mark Kauzlarich/Bloomberg News)

Argo AI, the self-driving startup backed by Ford Motor Co. and Volkswagen AG, is working with investment bankers as it prepares to go public as soon as this year with a valuation expected to top $7 billion.

July 8, 2021