Apple is now accelerating efforts to build an electric car, code-named Titan, after the company spent more than a year investigating the feasibility, and setting a target date for 2019.
According to sources familiar with the project told The Wall Street Journal, that Apple Inc. is speeds ahead with the plan and will triple its staff.
Despite Apple’s $200 billion in cash reserves, questions remain about whether the tech giant could become a successful car seller.
Apple CEO Tim Cook as a guest on “The Late Show” last week, said:
“We look at a number of things along the way, and we decide to really put our energies in a few of them.”