CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the name of the self-driving startup that just sealed a $2.6 billion investment from the world’s biggest carmaker, says there’s room in its partnership with Volkswagen AG and Ford Motor Co.?
A
Argo
B
Travis
C
Dandelion
D
Botsify
Explanation: 

Detailed explanation-1: -VW’s initial investment in Argo in 2019 was valued at $2.6 billion, including $1 billion in cash and the $1.6 billion value of VW’s European self-driving unit, which was absorbed into Argo. VW also bought Argo shares from Ford for $500 million.

Detailed explanation-2: -Waymo LLC, formerly known as the Google Self-Driving Car Project, is an American autonomous driving technology company headquartered in Mountain View, California. It is a subsidiary of Alphabet Inc., the parent company of Google.

Detailed explanation-3: -In GM’s 1939 exhibit, Norman Bel Geddes created the first self-driving car, which was an electric vehicle guided by radio-controlled electromagnetic fields generated with magnetized metal spikes embedded in the roadway. By 1958, General Motors had made this concept a reality.

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