Apple is seeking a large 800,000 square foot facility for its rumored autonomous car project, according to Victor Coleman, chief executive of Hudson Pacific Properties Inc.
Coleman is a top landlord in the San Francisco Bay Area. On a recent quarterly investor call he said, "we are seeing a definitive movement" from autonomous-car research-and-development facilities.
"We’re seeing the Toyotas of the world, the Teslas of the world, BMWs, Mercedes. Ford now is out in the marketplace looking for space. I haven’t even mentioned the 400,000 square feet that Google’s looking to take down and the 800,000 square feet that Apple’s looking to take down for their autonomous cars as well."
It's unlikely that this space would be for a factory as those are typically much larger. Recent reports say that Apple could partner with Magna, an auto parts maker in Austria, for production of an electric car. Magna is said to be the largest contract manufacturer of automobiles worldwide.
Notably, the WSJ says that Apple is also planning to expand its team working on the project. Last year, sources said the company already had 600 employees dedicated to it.
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Coleman is a top landlord in the San Francisco Bay Area. On a recent quarterly investor call he said, "we are seeing a definitive movement" from autonomous-car research-and-development facilities.
"We’re seeing the Toyotas of the world, the Teslas of the world, BMWs, Mercedes. Ford now is out in the marketplace looking for space. I haven’t even mentioned the 400,000 square feet that Google’s looking to take down and the 800,000 square feet that Apple’s looking to take down for their autonomous cars as well."
It's unlikely that this space would be for a factory as those are typically much larger. Recent reports say that Apple could partner with Magna, an auto parts maker in Austria, for production of an electric car. Magna is said to be the largest contract manufacturer of automobiles worldwide.
Notably, the WSJ says that Apple is also planning to expand its team working on the project. Last year, sources said the company already had 600 employees dedicated to it.
Please follow iClarified on Twitter, Facebook, or RSS for updates.
Read More