Apple eyeing 'large expanses of real estate' for its self-driving car project
Apple, Google, and established car makers are eyeing up "large expanses of real estate" in the San Francisco Bay Area for their autonomous car projects, according to a Wall Street Journal report. Apple is said to be interested in an 800,000 sq. ft. property for its electric car initiative.
In a quarterly investor call, Victor Coleman, chief executive of Hudson Pacific Properties, said:
Over the last few months, Apple leased or purchased several buildings that are likely being used for its car project. The company is estimated to have a team of 600 people working on developing autonomous car technologies.
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