Ford Motor Company has created Ford Autonomous Vehicles LLC, which is a new organization designed to accelerate Ford’s autonomous vehicle (AV) business, in an effort to capitalize on market opportunities.

Ford is organizing its self-driving business into Ford Autonomous Vehicles LLC, which will include Ford’s self-driving systems integration, autonomous vehicle research and advanced engineering, AV transportation-as-a-service network development, user experience, business strategy and business development teams.

Structured to take on third party investment, Ford Autonomous Vehicles LLC will be mainly based at Ford’s Corktown campus in Detroit. The new LLC will also hold Ford’s ownership stake in Argo AI, which is Ford’s Pittsburgh-based partner for self-driving system development.

Through 2023, Ford expects to invest $4 billion in its AV efforts, including its $1 billion investment in Argo AI.

“Ford has made tremendous progress across the self driving value chain – from technology development to business model innovation to user experience,” says Jim Hackett, president and CEO, Ford Motor Company.

“Now is the right time to consolidate our autonomous driving platform into one team to best position the business for the opportunities ahead.”

Sherif Marakby, currently Ford vice president, Autonomous Vehicles and Electrification, has been appointed as the CEO of Ford Autonomous Vehicles LLC, and will report to a board of directors chaired by Marcy Klevorn, Ford’s executive vice president and president, Mobility.