Apple will wind down its team working on electric cars, called Special Projects Group, according to Bloomberg.
The news signals that Apple will cease its secretive effort to build a car to rival Tesla .
The program employed thousands of employees but never fit with Apple's core business of electronics and online services, and raised questions about what companies Apple would tap to manufacture a car.
Reports of Apple's ambition to build a car first surfaced in 2014 after the company recruited automotive engineers and other talent from car companies.
Some Apple employees in the company's car division may move to a generative artificial intelligence team, according to Bloomberg.
Persons:
Tim Cook, Tesla
Organizations:
Apple, Formula One United, Prix Circuit, Bloomberg, San Francisco Bay Area, CNBC PRO
Locations:
Formula One United States, Americas, Austin , Texas, San Francisco Bay