Apple obtains permission to test driverless cars

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Apple Inc.












AAPL, -0.53%










is the latest tech company to receive permission from the state of California to test autonomous vehicles. The iPhone manufacturer was added to the California Department of Motor Vehicles list of companies that have received a permit for the testing, which also includes Alphabet Inc.












GOOG, -0.09%











GOOGL, -0.15%










Tesla Inc.












TSLA, +2.41%










Uber Technologies Inc. and Nvidia Corp.












NVDA, -1.87%










along with a host of traditional auto makers. Apple has reportedly been working on a car for several years under the code name Project Titan, but has never publicly disclosed the effort despite issuing opinions about regulations for driverless cars and reports of potential acquisitions like luxury car maker McLaren. The reported autonomous-car effort has excited some observers who believe Apple needs to add another big-ticket item to continue to grow as iPhone sales level out, but not everyone believes the company can succeed in the field.


Source: marketwatch.com