Apple is likely to introduce its first self-driving car by 2025. Photo: Apple
Apple is likely to introduce its first self-driving car by 2025. Photo: Apple
Apple is likely to introduce its first self-driving car by 2025. Photo: Apple
Apple is likely to introduce its first self-driving car by 2025. Photo: Apple

Apple reportedly hires veteran Lamborghini executive to help develop its electric car


Alvin R Cabral
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Apple has reportedly hired a long-time executive of Lamborghini in the latest sign that the iPhone maker is stepping up its efforts to develop its long-rumoured self-driving vehicle.

Luigi Taraborrelli has been brought in to lead the design of what is known as Project Titan, Bloomberg reported, citing people familiar with Mr Taraborrelli's hiring.

He has been part of the Italian luxury sports car maker since 2001 and stepped down from his role as the head of research and development for chassis and vehicle dynamics in May, his LinkedIn profile says.

Apple declined to comment on the hiring, Bloomberg said.

Information on Apple's electric car has been sparse and the company is famously tight-lipped when it comes to future product plans.

Chief executive Tim Cook in 2021 told The New York Times that self-driving technology was being worked on but declined to go into specifics.

“We’ll see what Apple does,” he said at the time.

Development, however, is gaining traction, with a number of high-profile hirings being made. In June 2021, Apple hired Ulrich Kranz, a former senior executive in BMW’s electric car division. Before that, the company brought in Stuart Bowers, the former head of Tesla's Autopilot software.

Conversely, Jony Ive, Apple's design guru who is credited with the recognisable designs of the company's products, signed up with Ferrari last year to help the Italian sports car maker develop its first electric car.

Apple's car project is currently being led by Kevin Lynch, who is also responsible for the Apple Watch and health software teams, and John Giannandrea, Apple's head of machine learning.

Apple's electric car has been reported to be fully autonomous and designed without a steering wheel or pedals.

Some major electric vehicle manufacturers have already introduced driverless cars without steering wheels, including General Motors' Bolt EV in 2018 and a Tesla Model 3 in 2019.

  • The W Motors self-driving vehicle prototype, on display at the International Defence Exhibition and Conference in Abu Dhabi. Victor Besa / The National
    The W Motors self-driving vehicle prototype, on display at the International Defence Exhibition and Conference in Abu Dhabi. Victor Besa / The National
  • The 10-seater smart driverless car tested by the Roads and Transport Authority, in Business Bay, Dubai. Courtesy RTA.
    The 10-seater smart driverless car tested by the Roads and Transport Authority, in Business Bay, Dubai. Courtesy RTA.
  • Google’s self-driving car at the Google X labs in Mountain View, California. Getty
    Google’s self-driving car at the Google X labs in Mountain View, California. Getty
  • The interior of a Tesla Model S in autopilot mode. Alexandria Sage / Reuters
    The interior of a Tesla Model S in autopilot mode. Alexandria Sage / Reuters
  • An Uber self-driving car travels down a street in San Francisco, California. AFP / Getty Images
    An Uber self-driving car travels down a street in San Francisco, California. AFP / Getty Images
  • A Tesla Model S car with driverless technology. Bloomberg
    A Tesla Model S car with driverless technology. Bloomberg
  • The Navya shuttle has launched at Masdar City - a driverless bus to ferry residents and workers between town and the car park. Reem Mohammed / The National
    The Navya shuttle has launched at Masdar City - a driverless bus to ferry residents and workers between town and the car park. Reem Mohammed / The National
  • An autonomous car drives past during a press presentation in the north-western French city of Sotteville-lès-Rouen, near Rouen. AFP
    An autonomous car drives past during a press presentation in the north-western French city of Sotteville-lès-Rouen, near Rouen. AFP
  • An Uber driverless car in San Francisco. The firm has ramped up spending on the technology. AP
    An Uber driverless car in San Francisco. The firm has ramped up spending on the technology. AP
  • Volkswagen's boxy Sedric concept is a likely face of driverless transport in the near term. EPA
    Volkswagen's boxy Sedric concept is a likely face of driverless transport in the near term. EPA
  • A driverless car seen during testing in Singapore. AFP
    A driverless car seen during testing in Singapore. AFP
  • An unmanned automobile competes in the i-VISTA (Intelligent Vehicle Integrated Systems Test Area) Autonomous Driving Challenge in Chongqing, China. Getty
    An unmanned automobile competes in the i-VISTA (Intelligent Vehicle Integrated Systems Test Area) Autonomous Driving Challenge in Chongqing, China. Getty

However, questions on their safety have been a nagging issue, with a series of accidents — including fatalities — involving some big names.

Last month in the US, authorities escalated an investigation into 200 crashes involving Tesla's Autopilot technology.

In March, the US National Highway Traffic Safety Administration changed a rule to allow companies to deliver vehicles without steering wheels or pedals. The levels of vehicle autonomy run from 0 to 5, with the last not requiring steering wheels or pedals.

This rule could be advantageous for companies in terms of costs and materials, as it will allow them to retrofit existing vehicles instead of building new ones.

The global autonomous car market is expected to grow to 62.4 million units by 2030 from 20.3 million units in 2021 at a compound annual rate of 13.3 per cent, data from MarketsandMarkets showed.

The sector's value is expected to grow more than 31 per cent and exceed $11.03 billion through 2028, Fortune Business Insights reported.

Apple's products — most notably the iPhone, iPad and Mac computers — have been influential and are considered a benchmark in the industry.

It is unclear, however, if the company will be able to transfer its consumer electronics expertise into a more niche market such as electric cars, as the competition is increasingly fierce.

Apple is believed to have first begun work on an electric car in 2014, with an aim to introduce it by 2025.

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Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

THURSDAY'S ORDER OF PLAY

Centre Court

Starting at 10am:

Lucrezia Stefanini v Elena Rybakina (6)

Aryna Sabalenka (4) v Polona Hercog

Sofia Kenin (1) v Zhaoxuan Yan

Kristina Mladenovic v Garbine Muguruza (5)

Sorana Cirstea v Karolina Pliskova (3)

Jessica Pegula v Elina Svitolina (2)

Court 1

Starting at 10am:

Sara Sorribes Tormo v Nadia Podoroska

Marketa Vondrousova v Su-Wei Hsieh

Elise Mertens (7) v Alize Cornet

Tamara Zidansek v Jennifer Brady (11)

Heather Watson v Jodie Burrage

Vera Zvonareva v Amandine Hesse

Court 2

Starting at 10am:

Arantxa Rus v Xiyu Wang

Maria Kostyuk v Lucie Hradecka

Karolina Muchova v Danka Kovinic

Cori Gauff v Ulrikke Eikeri

Mona Barthel v Anastasia Gasanova

Court 3

Starting at 10am:

Kateryna Bondarenko v Yafan Wang

Aliaksandra Sasnovich v Anna Bondar

Bianca Turati v Yaroslava Shvedova

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The specs

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Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

FA Cup quarter-final draw

The matches will be played across the weekend of 21 and 22 March

Sheffield United v Arsenal

Newcastle v Manchester City

Norwich v Derby/Manchester United

Leicester City v Chelsea

Mane points for safe home colouring
  • Natural and grey hair takes colour differently than chemically treated hair
  • Taking hair from a dark to a light colour should involve a slow transition through warmer stages of colour
  • When choosing a colour (especially a lighter tone), allow for a natural lift of warmth
  • Most modern hair colours are technique-based, in that they require a confident hand and taught skills
  • If you decide to be brave and go for it, seek professional advice and use a semi-permanent colour
Results

Final: Iran beat Spain 6-3.

Play-off 3rd: UAE beat Russia 2-1 (in extra time).

Play-off 5th: Japan beat Egypt 7-2.

Play-off 7th: Italy beat Mexico 3-2.

The years Ramadan fell in May

1987

1954

1921

1888

What She Ate: Six Remarkable Women & the Food That Tells Their Stories
Laura Shapiro
Fourth Estate

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

At a glance

Fixtures All matches start at 9.30am, at ICC Academy, Dubai. Admission is free

Thursday UAE v Ireland; Saturday UAE v Ireland; Jan 21 UAE v Scotland; Jan 23 UAE v Scotland

UAE squad Rohan Mustafa (c), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan

Meydan race card

6pm Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m 

6.35Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m
1,800m 

7.10pm Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m ,400m 

7.45pm Al Rashidiya – Group 2 (TB)  $180,000  (T) 1,800m 

8.20pm Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

8.55pm Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

9.30pm Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m  

Combating coronavirus

The Library: A Catalogue of Wonders
Stuart Kells, Counterpoint Press

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
MO
%3Cp%3E%3Cstrong%3ECreators%3A%20%3C%2Fstrong%3EMohammed%20Amer%2C%20Ramy%20Youssef%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EMohammed%20Amer%2C%20Teresa%20Ruiz%2C%20Omar%20Elba%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The biog

First Job: Abu Dhabi Department of Petroleum in 1974  
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work

Updated: July 28, 2022, 2:36 PM