Ford to invest $4 bln in new self-driving vehicle unit

Ford said it would invest $4 billion through 2023 in its newly formed autonomous vehicle unit, Ford Autonomous Vehicles, as it looks to produce self-driving cars in the next three years. The No. 2 U.S. automaker said the new unit would include self-driving systems integration, autonomous vehicle research and advanced engineering. It will go up against Google parent Alphabet's Waymo, Uber, Tesla and doxens of other into the lucrative market. Ford recently announced a collaboration with Miami-Dade County in Florida to test its self-driving vehicle business model on the streets of Miami and Miami Beach. The No. 2 U.S. automaker said the new unit would include self-driving systems integration, autonomous vehicle research and advanced engineering.