New report says that Apple targets 2019 as release year for first Apple Car.
The Apple iCar is scheduled for 2019 says a new report from the Wall Street Journal. Looks like a WSJ journalist had beers on the weekend with people familiar with the matter.
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The report claims that Apple has upgraded Project Titam to a "committed project." Apple is accelerating the project and the team is slated to triple the current 600 head count.
Apple is not aiming to make its first car completely autonomous, say the people familiar with Apple's plans.
The Cupertino consumer giant just wants to get into the electric car business as it sees a big opportunity there. Given the success of Tesla against the established car makers, Apple can get into the car business as well.
The report raises an interesting question about how Apple will make cars. Apple does not own factories. They outsource all manufacturing. Though there are now large scale car outsourcing companies. Apple either has to make iCars themselves or find an established car maker like BMW to partner with.
This is just one of the many open questions. The answer to most of the questions is Tesla. Elon Musk started a car company from scratch and they make the best car with the Model S according to Consumer Reports. Tesla Motors was founded just 12 years ago. A lot has changed since then.
Apple can be up and running making cars in much less time considering their unlimited cash.
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Right now electric cars are not in high demand as gas prices are low. Tesla keeps selling cars because they make electric cars that are fun. A Tesla accelerates faster than most sportscars. It is a drivers car.