Advertisement
UK markets open in 2 minutes

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,707.83
    +423.29 (+2.45%)
     

  • CRUDE OIL

    83.95
    +0.38 (+0.45%)
     

  • GOLD FUTURES

    2,352.70
    +10.20 (+0.44%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • Bitcoin GBP

    51,495.88
    +144.66 (+0.28%)
     

  • CMC Crypto 200

    1,388.54
    -8.00 (-0.57%)
     

  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     

  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Apple hires former BMW, Canoo executive for car project

Reuters
Updated ·1-min read
FILE PHOTO: Apple logo is seen on the Apple store at The Marche Saint Germain in Paris

(Reuters) - Apple Inc has hired Ulrich Kranz, a former senior executive at BMW AG's electric car division, to help its vehicle initiatives, Apple confirmed on Thursday.

Kranz, who was most recently the chief executive of electric vehicle startup Canoo Inc , will report to Apple veteran Doug Field, who led development of Tesla Inc's mass-market Model 3 and now runs Apple's car project, the report said. Bloomberg reported the news earlier on Thursday.(https://bloom.bg/3zbslcq)

The iPhone maker's automotive efforts, known as Project Titan, have proceeded unevenly since 2014 when Apple first started designing its own vehicle from scratch.

In December, Reuters reported that Apple was moving forward with its self-driving car technology and targeting to produce a passenger vehicle that could include its own breakthrough battery technology by 2024.

(Reporting by Mrinalika Roy in Bengaluru and Stephen Nellis in San Francisco; Editing by Shinjini Ganguli and Diane Craft)