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Reports say tech giant made announcement during meeting and forecast layoffs, ending secretive and resource-heavy project

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Apple Inc (NASDAQ:AAPL, ETR:APC) is terminating its decade-long effort to develop an electric car, Bloomberg reported. Sources familiar with the matter disclosed that the decision came as a surpris...

The U.S. economy is showing promise for a positive future with a potential productivity boom. Recent data suggests increased productivity due to technological advancements, lower inflation, a surge...

Apple is giving up on its decade-long effort to build an autonomous electric vehicle and will instead focus on artificial intelligence, according to a new report.

Apple announced the plans internally on Tuesday, sources told Bloomberg, rattling its nearly 2,000 staffers working on the self-driving vehicle, which was initially intended to launch sometime in 2...

The car, which Apple spent billions of dollars researching, had been intended as a rival to Tesla's E.V.s, which include autonomous driving features.

Apple Inc. is canceling a decade-long effort to build an electric car, according to people with knowledge of the matter, abandoning one of the most ambitious projects in the history of the company....

Apple will wind down its team working on electric cars, called Special Projects Group, according to a report from Bloomberg News.

Apple Inc   (NASDAQ:AAPL) stock sports a 21.7% year-over-year lead, but is already down 6.5% in 2024.

Apple is abandoning its years-old effort to build an electric car, Bloomberg reported Tuesday, shifting employees to focus on the booming artificial intelligence space.

Apple has canceled work on its electric car, shifting some employees to its artificial intelligence project, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.

Apple is scuttling its secretive, long-running project to build an autonomous electric car, according to Bloomberg. The company has already started laying off some people who worked on the project,...

The Investment Committee debate the 2 "Mag 7" stocks, Alphabet and Apple, that aren't living up to the 'magnificent' title.