Apple has put an end to its decadelong push to build its own electric vehicle, an effort once seen as having the potential to transform the auto industry. The secret group inside the iPhone giant—known internally as Project Titan—has been informed that Apple would be shutting down its efforts in building a car while the company ramps up investments in the area of generative artificial intelligence, a person familiar with the situation said. Apple has spent billions of dollars on research and development on the car project...

Apple has hit the brakes on its plans to build an electric car, according to a report. Apple's move comes as consumer enthusiasm for electric cars wanes and competition intensifies as Chinese companies make a big market push. AAPL stock rose amid the news...

Toyota Motor has recently expanded its reach into emerging markets. Check out the key price points to monitor for TM stock ahead of the key interim sales data...

After launching BYD in Thailand as the Chinese electric vehicle maker's sole national distributor a little more than a year ago, siblings Pratarnwong and Pratarnporn Phornprapha were forced to rip up business plans frequently because sales kept rocketing. "The numbers were just moving way faster than we anticipated," said Pratarnwong, CEO of Rever Group, describing demand that was so strong that they asked BYD to ramp up supply. Pratarnwong and his sister Pratarnporn, in a rare joint interview last month, detailed how Rever helped BYD build out Thailand into its biggest international market in just 15 months...