Ford’s self-driving division is now its own company

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If Alphabet has Waymo and General Motors has GM Cruise, Ford has Ford Autonomous Vehicles LLC. The automaker has created a separate company for its self-driving business, clearly taking a cue from the two aforementioned players in the industry.

In its announcement, Ford said the spinoff was created to accelerate the growth of its autonomous vehicle business and to capitalize on market opportunities. It will oversee all its AV research and the self-driving car network the automaker plans to launch in 2021.

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