Apple reportedly cancels ideas to create an electric car or truck

Apple reportedly cancels ideas to create an electric car or truck


Apple CEO Tim Cook dinner waves a checkered flag to the race winner at the Method One United States Grand Prix Circuit of the Americas in Austin, Texas, on Oct. 23, 2022.

Mike Segar | Reuters

Apple will wind down its team doing the job on electric autos, named Specific Jobs Group, in accordance to Bloomberg.

The information indicators that Apple will stop its secretive hard work to make a car or truck to rival Tesla. The method employed 1000’s of personnel but in no way suit with Apple’s core organization of electronics and on the internet providers, and elevated concerns about what businesses Apple would tap to manufacture a car or truck.

Experiences of Apple’s ambition to create a car very first surfaced in 2014 immediately after the corporation recruited automotive engineers and other talent from auto firms. There ended up few general public indications of the firm’s plans, but Apple operated a software wherever autonomous Apple-owned cars and trucks geared up with sensors and piloted by security motorists drove close to the San Francisco Bay Area.

The department had various reorganizations above the decades, together with layoffs in 2019, when staff members were being moved to various components of the organization. Some Apple staff in the company’s car or truck division may go to a generative artificial intelligence team, in accordance to Bloomberg.

The company has other automotive-similar jobs, such as its infotainment-oriented CarPlay computer software.

Apple shares rose about 1% on the news. Apple declined to comment.

Will not overlook these stories from CNBC Professional:



Supply

Ethereum turns 10: From scrappy experiment to Wall Street’s invisible backbone
Technology

Ethereum turns 10: From scrappy experiment to Wall Street’s invisible backbone

CANNES — Ten years ago, Vitalik Buterin and a small band of developers huddled in a drafty Berlin loft strung with dangling lightbulbs, laptops balanced on mismatched chairs and chipped tables. They weren’t corporate titans or venture-backed founders — just idealists working long nights to push a radical idea into reality. From that sparse office, […]

Read More
Crypto wobbles into August as Trump’s new tariffs trigger risk-off sentiment
Technology

Crypto wobbles into August as Trump’s new tariffs trigger risk-off sentiment

A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025.  Lam Yik | Bloomberg | Getty Images The crypto market slid Friday after President Donald Trump unveiled his modified “reciprocal” tariffs on dozens of countries. The price […]

Read More
Tesla must pay 9 million in damages after fatal Autopilot crash, jury says
Technology

Tesla must pay $329 million in damages after fatal Autopilot crash, jury says

Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty Images A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor damages of $329 million. The […]

Read More