Volkswagen AG has closed on its $2.6 billion investment in Argo AI, the Pittsburgh-based autonomous vehicle start-up announced Tuesday.

The German automaker's deal with Argo and Ford Motor, which acquired a majority stake in the start-up in 2017, included $1 billion in cash and Argo taking over VW's European self-driving unit, valued at $1.6 billion, as well as the unit's more than 200 employees.

and Europe," Argo CEO Bryan Salesky and Reinhard Stolle, vice president of Argo Munich, wrote on Medium.com.

In April, Ford said it would postpone plans to launch its autonomous vehicle commercial services with Argo from next year to 2022 due to the coronavirus pandemic.