“Imagine an Apple-designed car with a roomy interior, deep integration with other products, and limited autonomous features—on par with a Tesla.”
From Gurman’s “Power On” column, posted Sunday to Bloomberg Technology ($) subscribers:
In recent months, Apple… hired several people from the auto industry to help ramp up its car development work after top managers left the project. It’s recruited key people from Ford, Rivian, Tesla, BMW, Mercedes, Volvo, Waymo and other brands.
But a potential acquisition target has emerged that could help Apple’s project even more: Canoo.
The EV startup, founded five years ago, has been struggling. Last week, it warned investors that it may not have enough cash to keep operating. Canoo has lined up additional funding, but has also said that it doubts it can produce as many vehicles this year as planned…
It also wouldn’t be too difficult for Apple and Canoo to start talking. Canoo’s former chief executive officer, Ulrich Kranz, is now one of the top executives on Apple’s car project. Apple also has some former Canoo engineers on staff.
For those unfamiliar, the EV startup has developed an underlying car platform that can be applied to different types of vehicles. Its lineup includes a delivery vehicle and a pickup truck. But for Apple’s purposes, Canoo’s most interesting product is its Lifestyle Vehicle… People working on Apple’s car project say some of their own designs are similar to what Canoo has developed.
My take: Knowing Gurman, I suspect he’s got wind that something’s in the works.