The much-anticipated Apple Car might be headed to the scrapheap before it reaches the road. Bloomberg is reporting that Apple Inc. (NASDAQ: AAPL) has drastically cut back on Project Titan – its automotive effort.
Instead of building its’ own cars, Apple is planning to develop an autonomous-driving system that can be installed in other company’s cars, a Bloomberg Technology article indicates. The company has laid-off; or reassigned many, of the 1,000 people assigned to Project Titan. (more…)