Freshfields advises Volkswagen AG in its $2.6 billion co-investment with Ford Motor Co. in Argo AI
Freshfields has advised Volkswagen AG (“VW”) as Intellectual Property/Information Technology, Antitrust and CFIUS counsel in its $2.6 billion co-investment with Ford Motor Co. in autonomous vehicle technology company Argo AI. The transaction involves a capital infusion into Argo AI by VW and the merger of VW’s own Autonomous Intelligent Driving into Argo AI. The multinational Freshfields team includes partners and associates in its New York, Washington, D.C., Berlin, Düsseldorf, Munich and Vienna offices. The transaction closed June 1, 2020.
The Freshfields team was led by Menachem Kaplan (IP/IT, Partner) and Dr. Martin Klusmann (Antitrust, Partner), Aimen Mir (CFIUS, Partner), and Bertram Burtscher (IP/IT, Partner); and included Christine Laciak (CFIUS, Special Counsel), Marissa Yu (IP/IT, Associate), Sarah Melanson (ACT, Associate), Miriam Geiß (Antitrust, Principal Associate) and Dr. Ilka Mauelshagen (Antitrust, Associate).
Read our July 2019 deal announcement here.
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