Japanese car giant Toyota Motor Corp. (TYT.L, TM) plans to have self-driving cars on the roads by 2020. The market for self-driving cars is expected to hot up by that time with Google Inc. (GOOG, GOOGL), General Motors (GM) and Nissan also planning an entry around the same time.
Technology giant Apple, Inc. is accelerating its efforts to build an Apple-branded electric car, according to the Wall Street Journal. Apple plans to triple the staff assigned to the project code-named "Project Titan" to a 1800-strong team. Cupertino, California-based Apple has designating it internally as a "committed project" and setting a target ship date for 2019 for the rumored iCar.