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Apple puts brakes on car team but keeps eye on road by Staff Writers San Francisco (AFP) Jan 24, 2019 Apple acknowledged Thursday that it has trimmed its team devoted to self-driving car technology but stressed that its still in the race. Apple's comment came in response to a CNBC report that the staff of a secretive Project Titan was reduced this week by more than 200 people, some of whom were transferred to jobs elsewhere at the California-based technology group. "We have an incredibly talented team working on autonomous systems and associated technologies at Apple," the company said in a released statement. "We continue to believe there is a huge opportunity with autonomous systems, that Apple has unique capabilities to contribute, and that this is the most ambitious machine learning project ever." Apple added a former Tesla executive to a leading role on the self-driving vehicle tech team last year, and the staff cut came with internal reorganization. "As the team focuses their work on several key areas for 2019, some groups are being moved to projects in other parts of the company, where they will support machine learning and other initiatives, across all of Apple," the statement said. Notoriously tight-lipped Apple revealed its autonomous vehicle technology aspirations late in 2016 in a letter to the US National Highway Traffic Safety Administration offering the company's opinion about regulations for the sector. Chief executive Tim Cook later said he saw autonomous driving systems as a "core technology" for the future, and that Apple wants to move into the automotive sector because "there is a major disruption looming" from new technologies. Instead of designing and producing a complete self-driving car, the group was to concentrate on developing underlying technologies for autonomous vehicles. Most major auto manufacturers and many technology groups are currently developing autonomous vehicles, considered to be the future of the automobile, along with electric power. The latest move comes as Apple faced pressure to show its fortunes are not tethered solely to iPhone sales.
Ford reports 4Q loss on weakness in China, Europe New York (AFP) Jan 23, 2019 Ford on Wednesday reported a fourth-quarter loss of $112 million following weak performance in China and Europe. The US auto giant, which had notched $2.5 billion profit in the year-ago period, also cited $877 million in one-time pension expenses as a factor in the loss, which Bloomberg News said was just its second quarter in the red since early 2009. Revenues climbed 12 percent to $41.8 billion. Operating profits rose in North America following strong sales of larger vehicles such as sport ... read more
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