Zacks Investment Research | Apr 17, 2017 06:39AM ET
As per the Department of Motor Vehicles (DMW) in the state of California, Apple Inc (NASDAQ:AAPL) has secured a permit to test self-driving vehicles. The permit is for test driving three vehicles (2015 Lexus RX450h models) with two drivers each, adds DMW.
For long, there has been tremendous speculation about Apple’s autonomous car technology development efforts, which is apparently codenamed, Project Titan. As usual, Apple has refrained from commenting on the matter so far. Apple loves to maintain secrecy regarding projects it’s working on. Per media reports, on being asked about the permit, the company pointed to the Apple's director of product integrity, Steve Kenner’s letter to NHTSA, written in November last year. In the letter, Kenner said "The company is investing heavily in the study of machine learning and automation, and is excited about the potential of automated systems in many areas, including transportation."
Self Driving Car Race Heats Up
Self driving technology has gained immense importance in the past few years with tech and auto behemoths like Apple, Alphabet (NASDAQ:GOOGL) , Ford (NYSE:F) , Tesla Inc (NASDAQ:TSLA) , Volkswagen (DE:VOWG_p) AG, Daimler AG (DE:DAIGn), Uber and Lyft directing resources to develop this technology.
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