Apple hires former BMW executive for car project – Bloomberg News

Stock Markets25 minutes ago (Jun 10, 2021 04:41PM ET)

(C) Reuters. FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar

(Reuters) – Apple Inc (NASDAQ:AAPL) has hired Ulrich Kranz, a former senior executive at BMW AG’s electric car division, to help its vehicle initiatives, Bloomberg News reported on Thursday, citing people familiar with the matter.

Kranz will report to Apple veteran Doug Field, who led development of Tesla (NASDAQ:TSLA) Inc’s mass-market Model 3 and now runs Apple’s car project, the report said.

Apple did not immediately respond to Reuters request for comment.

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, Apple said it 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.

Apple hires former BMW executive for car project – Bloomberg News

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