Apple Stock News: Car Rumors Start Up Again

Apple Stock News

Documents obtained by The Guardian show Apple’s self-driving car is certainly further along than many suspected. In order to test its developing car, Apple is scouting for secure locations in the San Francisco Bay area.

apple stock news

The public records act request acquired by The Guardian stated that several engineers from Apple’s secretive special projects group met last May with officials from GoMentum Station. This is a 2,100-acre former naval base near San Francisco that is being turned into a high-security testing ground for autonomous vehicles. The inquiry highly suggests the company is well along in prototyping its self-driving car and needs to get some hands-off experience on urban roads and highways.

Apple engineer Frank Fearon wrote: “We would … like to get an understanding of timing and availability for the space, and how we would need to coordinate around other parties who would be using [it].” Apple declined to comment regarding this news.

Even though it has been highly speculated for a while that the company is working on a self-driving electric car, codenamed Project Titan, this is actually the first time its existence has been documented. Three months ago senior VP Jeff Williams explained that Apple is exploring numerous markets, in which they’re convinced they can make a huge difference.

Rumors are that Apple will have Fiat-Chrysler and BMW as potential partners, for instance to supply the car body and some or all of the drivetrain.

Share on facebook
Share on twitter
Share on linkedin
Share on print
Share on email