iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Bloomberg Report: Apple postponed the launch of its self-driving car to 2026

7 Dec 2022 , 12:52 PM

According to Bloomberg News on Tuesday, which cited people with knowledge of the situation, Apple Inc. has delayed the target delivery date for its upcoming electric vehicle to 2026 and dialed back its ambitious self-driving aspirations.

Shares of the iPhone manufacturer dropped 2.4% as a result of the news.

Since the business initially began to design a vehicle from scratch in 2014, its automotive efforts, known as Project Titan, have advanced unevenly.

According to the people who spoke to Bloomberg, Apple is now considering a less ambitious design that will still have a steering wheel and pedals but will only support fully autonomous driving on highways.

According to the article, the company intends to create a car that would allow drivers to perform other chores while on the motorway and receive an alarm with enough time to revert to manual control.

A Bloomberg article from the previous year claimed that Apple was trying to debut an electric car as early as 2025 and had refocused the project to include fully autonomous driving capabilities.

The following was stated in the report: “Apple’s dream automobile would have no steering wheel and pedals, with interiors designed around hands-off driving.”

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Apple
  • Bloomberg
  • Self Driving Cars
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.