Apple scales back plans to build a car (VIDEO)

NEW YORK, Oct 19 — Apple has drastically scaled back its automotive ambitions, leading to hundreds of job cuts and a new direction that, for now, no longer includes building its own car, according to people familiar with the project. 

Bloomberg’s Mark Gurman has more on “Bloomberg Markets.” — Bloomberg

New leadership of the initiative, known internally as Project Titan, has re-focused on developing an autonomous driving system that gives Apple flexibility to either partner with existing carmakers, or return to designing its own vehicle in the future, people familiar with the matter said. — Reuters pic
New leadership of the initiative, known internally as Project Titan, has re-focused on developing an autonomous driving system that gives Apple flexibility to either partner with existing carmakers, or return to designing its own vehicle in the future, people familiar with the matter said. — Reuters pic

Related Articles

Up Next

Loading...