Deep sea mining puts $560 billion in land extraction at risk — report
Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.
Apple Inc has hired Ulrich Kranz, a former senior executive at BMW AG’s electric car division, to help its vehicle initiatives, Apple confirmed on Thursday.
Kranz, who was most recently the chief executive of electric vehicle startup Canoo Inc, will report to Apple veteran Doug Field, who led development of Tesla Inc’s mass-market Model 3 and now runs Apple’s car project, the report said. Bloomberg reported the news earlier on Thursday.
The iPhone maker’s automotive efforts, known as Project Titan, have proceeded unevenly since 2014 when Apple first started designing its own vehicle from scratch.
In December, Reuters reported that Apple was moving forward with its self-driving car technology and targeting to produce a passenger vehicle that could include its own breakthrough battery technology by 2024.
(By Mrinalika Roy and Stephen Nellis; Editing by Shinjini Ganguli and Diane Craft)
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