[dasbo]

Hm, I would say that some consolidtion happened with that deal. Quote: "VW is also handing over Autonomous Intelligent Driving, the self-driving subsidiary that was launched just two years ago to develop autonomous vehicle technology for the Volkswagen Group. AID is valued at $1.6 billion.

The Munich-based AID team will become Argo’s European headquarters, a move that will expand its staff 40% to more than 700 employees."

AID has been Audi's L4/L5 development arm, which was separate from VW's main research arm. It also helps to judge the size of this deal, because VW only seems to invest one billion in capital and the remaining 1.6 billion investment is AID. It would be interesting to know, how they came up with that valuation ...