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Walmart To Begin Testing Autonomous Vehicle Delivery Service In 3 Cities

By John F. Heerdink, Jr.

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.

“This collaboration will further our mission to get products to the homes of our customers with unparalleled speed and ease, and in turn, will continue to pave the way for autonomous delivery,” stated Tom Ward, a senior VP of last-mile delivery at Walmart.

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


Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Walmart Teams With Argo, Ford To Test Autonomous Vehicle Delivery Service in Investor's Business Daily)


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