Reportedly, Walmart Stores, Inc. (WMT) will begin testing autonomous vehicle delivery services in three cities with Ford and self-driving car company Argo. The retail giant will use hybrid Ford Escape SUVs augmented along with Argo’s AI technology. In 2017, Ford invested $1 billion in Argo and Volkswagen invested $2.6 billion in 2020.
Initial testing will begin in Miami, Austin, Texas, and Washington, D.C. to begin later this year. The companies informed that the autonomous delivery service will be available at first within defined service areas of the three cities and will expand further over time.
Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.
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