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...Ford reported a $2.7bn charge related to winding down Argo, which it said had been unable to find new investors....
...Meanwhile, the likes of Zoox, Argo, Motional, and Aurora — and Tesla, for that matter — rely on human drivers to oversee the tech....
...Still, under Krafcik, Waymo has remained ahead of rivals, including General Motors-backed Cruise, Aurora and Argo AI....
...That could be a blow to Aurora, coming 13 months after Volkswagen ended its relationship in favour of investing in rival Argo AI. A month ago Amazon acquired driverless start-up Zoox for $1.3bn....
...Meanwhile, the ride-hailing company Uber and AV group Argo — now jointly controlled by Ford and Volkswagen — have also brought in multibillion-dollar investments....
...VW’s plan involves absorbing Audi’s Autonomous Intelligent Driving unit into what will become Argo AI’s European headquarters in Munich....
...Argo has hit back....
...Amazon-backed Aurora, founded by former Waymo technical lead Chris Urmson, is working with Hyundai and Kia, while Argo AI has partnered with Ford and Volkswagen....
...Ford said the $4bn investment figure includes $1bn already announced as an investment in Argo AI last year....
...It has also looked at Home Retail Group, the owner of Argos, but decided not to submit a final offer. Home Retail agreed a sale to UK supermarket chain Sainsbury’s....
...The manoeuvre involves a £600m book of consumer loans acquired as part of the Argos sale....
...Last week the supermarket revealed it has made an offer for Home Retail Group, owner of the Argos retail chain, which it has pitched partly as a defensive move against Amazon’s entry into the grocery delivery...
...“I’m amazed,” said Peter Renton, an independent blogger and investor in the so-called “peer-to-peer”, or marketplace lending, business....
...“There’s no one really doing that at the moment,” said Peter Renton, an independent blogger and investor in peer-to-peer loans....
...Though Argos Resources, Borders & Southern , Desire, Falkland Oil & Gas (FOGL) and Rockhopper are not listed in New York, a letter was sent to the New York Stock Exchange in case they considered listing...
...Interest has been expressed by LVMH, the Malaysian government’s investment fund Khazanah Nasional Berhad, Qatar Holding LLC and China’s HNA Group, but no deal has yet been sealed....
...It is a JV with Argos or Best Buy, which has halted its expansion plans. Or what about a merger with Dixons Retail – the two drunks propping themselves up at the bar option....
...Comet reported a 22 per cent drop in like-for-like sales in its first quarter trading update on Thursday, more than double the rate of decline reported by Dixons, the owner of Currys and PC World, and Argos-owner...
...He was finance director of GEC Plessey Telecommunications between 1988 and 1990, and moved to Argo Wiggins Appleton. He joined BOC as finance director in 1994 and became chief executive in 1999....
...Home Retail Group slid 4.2 per cent to 283¾p after Credit Suisse said the company’s Argos chain was still being undercut by Tesco, despite heavy discounting over the past month....
...The Argos owner lost 2.3 per cent to 263¾p after management said trading remained challenging. Tesco, trading ex-dividend, was down 1.4 per cent to 343p....
...The Argos owner has a trading statement due on June 12 and is in danger of dropping out of the FTSE 100 at the index review scheduled for the day before....
...For a Tuesday morning there was an unusually high percentage of people emerging from the town’s branch of Argos with newly bought Freeview boxes, on special offer at £14.99....
...Argos, the retail arm, is battling in a tough environment. That said, once demerged, it could potentially exit the struggling Homebase DIY business....
...Mr Roberts said the deal would not affect the timing of the separation of Experian and Argos Retail Group, GUS?s retail arm....
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