Close Menu

    Get the latest news around the globe

    Editor's Pick

    Goblet-shaped plant species discovered; ‘Thismia jinzun’

    Tesla delivers record number of cars following price cuts

    FTC investigates Uber’s subscription plan procedures

    Facebook X (Twitter) Instagram
    Facebook X (Twitter) LinkedIn Instagram
    Britain HeraldBritain Herald
    Subscribe
    • Home
    • World Roundup
    • Business
    • Tech World
    • Entertainment & Events
    • Curious
    • More…
      • Spotlight
      • Knowledge
      • Lifestyle
      • Awareness
      • Women World
      • Sports
      • Travel
      • Notable
      • Contact Us
    Britain HeraldBritain Herald
    Home » Apple shelves self-driving electric car project Titan
    World Roundup

    Apple shelves self-driving electric car project Titan

    The progress of the project was impeded due to various factors, including the COVID-19 pandemic.
    Trainee ReporterBy Trainee ReporterFebruary 28, 2024
    Facebook Twitter LinkedIn WhatsApp
    Apple the tech giant
    Rep. Image: Laurenz Heymann | Unsplash

    United States: Apple, the tech giant of the United States, has reportedly halted its electric car project, ‘Project Titan’ after a decade of investing in the technology.

    It has been reported that the company will abandon its decades-old project and shift its staff to the AI division. The move has been positively received by the markets.

    Apple launched Project Titan 10 years ago at a time when Silicon Valley was abuzz with the promise of self-driving vehicles. It was initially said that it hoped to launch a self-driving vehicle as early as 2024. As a result of a variety of factors, including the COVID-19 pandemic, the progress of this project was hindered.

    According to the reports, billions of dollars were invested in research and development to create a revolutionary autonomous vehicle that doesn’t require a steering wheel. However, the plans were scaled down to focus on developing a more conventional car equipped with advanced driver-assistance features. As a result, the firm had to lay off 190 employees from the group in 2019.

    Electric cars
    Rep. Image: Electric Car charging | CHUTTERSNAP | Unsplash

    Several leading automakers, including electric vehicle (EV) market leader Tesla, have decided to pull back on investments. Some are shifting plans to focus on hybrids instead of fully battery-powered cars, and Apple is not alone in this. Tesla’s CEO Elon Musk responded to news of Project Titan’s cancellation with a tweet featuring a salute and a cigarette emoji.

    The electric vehicle sector is facing challenges in the current economic slowdown. With the rise in interest rates, the cost of borrowing has increased, leading to a lower demand for expensive electric vehicles. As a result, the industry has been forced to cut jobs and reduce production to cope with the situation.

    MOST READ | Elon Musk denies selling Starlink to Russia

    STAR OF SECTOR 2025
    Apple Project Titan Updates Apple Stops Titan Apple The Tech Giant Apple's Self-Driving EV Project Project Titan and Apple Project Titan of Apple US Tech Giants
    Share. Facebook Twitter LinkedIn WhatsApp
    Avatar
    Trainee Reporter

    The news/article published above has been sourced, compiled, and corroborated by a Trainee Reporter at Britain Herald. If you have any queries or complaints about the published material, please get in touch with us at BritainHerald@Gmail.Com

    Newly Updated

    King Charles to back Canada’s sovereignty in parliament speech

    May 27, 2025

    ‘Everest Man’ sets new record with 31st summit of Mount Everest

    May 27, 2025

    Volvo cars to cut 3,000 jobs in major restructuring effort

    May 27, 2025
    STAR OF SECTOR 2025

    Business

    Volvo cars to cut 3,000 jobs in major restructuring effort

    Business May 27, 2025

    Sweden: Volvo Cars has announced strategies to cut approximately 3,000 jobs, primarily targeting office-based roles…

    Trump demands US-made iPhones; Warns of 25% tariff

    May 24, 2025

    Nike to raise prices on select items citing seasonal planning

    May 22, 2025

    CATL shares jump after Hong Kong stock market debut

    May 20, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • Instagram

    Curious

    Massive ice calving at Perito Moreno Glacier sparks concern

    May 16, 2025

    Glowing Spiral appears in night sky; Linked to SpaceX Falcon 9 Rocket

    March 25, 2025

    Once dubbed ‘Ugliest’; Blobfish triumphs as NZ ‘Fish of the Year’

    March 19, 2025

    Giant Iceberg A23a runs aground near South Georgia; Easing wildlife fears

    March 5, 2025

    Get the latest news around the globe

    Knowledge

    Clownfish shrinks to survive marine heatwaves, study reveals

    Knowledge May 22, 2025

    England: Clownfish, famously known from the film Finding Nemo, are shrinking in size to survive…

    Kashmir conflict: History of disputes, wars, and unresolved tensions

    May 9, 2025

    Snakebite survivor’s blood sparks universal antivenom discovery

    May 3, 2025

    ESA’s Biomass satellite set for launch to map forest carbon

    April 29, 2025
    18-EA-387-TryEngineeringSummerInst_BannerAd_300x250_Robot
    About Us
    About Us

    Britain Herald is a global news brand that plays a significant role in educating and informing the masses with informative content, the latest updates, and current affairs across the World.

    Operated and Managed by WellMade Network, the portal is a sister concern of GCC Business News and Emirati Times. For inquiries about Media Partnerships, Investment and other opportunities in line with our Editorial Policy, please contact us at;

    Email Us: News@BritainHerald.com
    Whatsapp: +971 5060 12456

    We Have

    King Charles to back Canada’s sovereignty in parliament speech

    May 27, 2025

    ‘Everest Man’ sets new record with 31st summit of Mount Everest

    May 27, 2025

    Volvo cars to cut 3,000 jobs in major restructuring effort

    May 27, 2025

    Shubman Gill named India’s new Test Captain for England Series

    May 27, 2025
    Facebook X (Twitter) LinkedIn Instagram
    • Home
    • Business
    • Tech World
    • Awareness
    • Contact Us
    Privacy & Cookies Policy | Terms & Conditions
    © 2002 BritainHerald.com, An Initiative by WellMade Network

    Type above and press Enter to search. Press Esc to cancel.