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Apple cancels Apple Car project after more than a decade
(9to5mac.com)
This is a most excellent place for technology news and articles.
Because Apple is not a car maker. Making their own electric car was already pretty weird - buying an auto maker and having to run it would have been a huge distraction.
It would have made more sense for them to partner with another company on the car (maybe they even did?) than start buying and running a whole car company.