Apple cancels electric car project after decade-long effort
Apple Inc. is canceling its ambitious project to build an electric car after a decade-long effort, surprising nearly 2,000 employees involved in the endeavor. The decision will result in employees being reassigned to Apple’s artificial intelligence division, with a focus on generative AI projects. The fate of the hardware engineers and vehicle designers remains uncertain, with potential layoffs. The termination of the project has led to a positive response in Apple’s stock and investor outlook, marking a significant development for the company.
Apple Inc. Delays Launch of Electric Car to 2028
Apple Inc. has announced a delay in the launch of its much-anticipated electric car, with the company now aiming for a release in 2028 at the earliest. This comes as a significant shift from its previous plans for a fully…