Apple Inc. killing its car project may end up being the best outcome for its most important manufacturing partner as both companies search for a future beyond iPhones. In fact, the latest earnings from Foxconn Technology Group show that it has much better things to do than assemble high-priced consumer products that carry someone else’s logo.

Project Titan, as Apple’s secretive self-driving vehicle had been dubbed, was finally cancelled after a decade-long effort to match Tesla Inc. in an electric-car market that’s set to be the next big thing after computers and smartphones. Hon Hai Precision Industry Co., Foxconn’s Taipei-listed flagship, was expected to be a major beneficiary had development continued.

QOSHE - A Manufacturing Giant Can Do Without an iDistraction - Tim Culpan
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A Manufacturing Giant Can Do Without an iDistraction

14 11
15.03.2024

Apple Inc. killing its car project may end up being the best outcome for its most important manufacturing partner as both companies search for a future beyond iPhones. In fact, the........

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