| Favorite tidbits: - This is only for experimental self-driving vans shuttling employees. It will have drivers to take control on demand. - Initially Apple planned self-driving vehicle where 4 seats face each other, sunroof material that gives less hit, electrically tinted windows and holographic windshields. - Project was abandoned because they realized "designing and building fundamental parts of a new car was not simple". - Apple tried to partner with someone who can do manufacturing while they do design. BMW, Mercedes, Nissan - all rejected that offer. - Ive was charged with design. Tim Cook drives BMW so he wanted to partner with them. - VW accepted the offer because they have been beaten a lot. They will supply basic components while Apple will add others. It surprises to me no end that a company with $100B in funds, vast experience in supply chain and ability to suck up virtually all talent is struggling so badly at a technology that is over 100 years old while Tesla with its shoestring budgets leap frogged all established players. Goes on to show that leader at the top makes all the difference in the world. Kudos to NYT for doing investigative journalism. |
Their supply chain experience is for completely different parts. The suppliers for computer and phone parts are not the same suppliers as those for engine parts, wheel parts, etc.
Apple wouldn't just need to hire the right people - they'd need to build out the factories and supplier relationships and dealer networks and everything else from scratch. Recall that Tesla was founded in 2003, and what you look at now is the product of fifteen years of corporate development - and they're still not on the level of Detroit's Big Three.
Really, Apple would need to acquire a car manufacturer, but when you look at the market caps of various car companies - GM's is $53B, Ford's is $44B, Chrysler's is $34B, BMW's is $56B, and so on - buying a controlling stake in any one of them is doable, but constitutes using quite a lot of Apple's cash reserves. It goes to reason that there'll be opposition within Apple to using that much of the cash reserves on any one bet.