Advertisement
Canada markets closed
  • S&P/TSX

    21,947.41
    +124.21 (+0.57%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +449.98 (+1.18%)
     
  • CAD/USD

    0.7308
    -0.0006 (-0.08%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • Bitcoin CAD

    87,905.96
    +1,017.84 (+1.17%)
     
  • CMC Crypto 200

    1,336.77
    +59.79 (+4.68%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     
  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     
  • NASDAQ

    16,156.33
    +315.33 (+1.99%)
     
  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     
  • FTSE

    8,213.49
    +41.34 (+0.51%)
     
  • NIKKEI 225

    38,236.07
    -38.03 (-0.10%)
     
  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

Apple wants to start making electric vehicles as early as 2020: Bloomberg

A police officer is silhouetted against the Apple logo in Grand Central Terminal in the Manhattan borough of New York January 13, 2015. REUTERS/Carlo Allegri (Reuters)

SAN FRANCISCO (Reuters) - Apple Inc aims to begin producing an electric vehicle as early as 2020, Bloomberg cited people with knowledge of the matter as saying, a seemingly aggressive target for a mobile devices maker with little experience in car manufacture. The iPhone maker is pushing its "car team" of about 200 people to meet that goal, Bloomberg reported. But Apple may decide to scrap its car-making effort, or delay it, if executives grew unhappy with its progress, the news agency cited the people as saying. (http://www.bloomberg.com/news/articles/2015-02-19/apple-said-to-be-targeting-car-production-as-soon-as-2020?hootPostID=9f3917f4905f086a568d81c5d794101a) (Reporting by Edwin Chan; Editing by Bernard Orr)