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…
German Car Suppliers Struggle to Adapt to Shift Towards Electric Vehicles
German car suppliers are facing challenges as they struggle to adapt to the shift towards electric vehicles (EVs). The automotive industry is undergoing a significant transformation, with the demand for EVs increasing and traditional combustion engine vehicles facing a decline….