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Silicon Valley emerges as transportation hub with Apple's electric vehicle

Published Tue, Feb 17, 2015 · 09:50 PM
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San Francisco

"DETROIT vs Everybody" is a popular T-shirt in the hometown of General Motors Co and Ford Motor Co these days.

Yet it might as well read "Silicon Valley vs Motor City" as the San Francisco Bay Area emerges as a centre for global transportation innovation. That was brought home last week, when people familiar with the matter said Apple Inc is developing an electric vehicle and has devoted several hundred people to the secretive project.

"It's the hot spot of development and that has in a big way spilled into the autos space," said Jeff Schuster, senior vice president for forecasting at LMC Automotive. "These are the new suppliers, these are the new auto companies."

Silicon Valley companies are getting into transportation from cars to drones to space ships - and pioneering new business models in the industry besides. Google Inc is investing in self-driving cars, drones and satellites. Facebook Inc, too, has been w…

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