Should toyota worry . Chevy . Lets go to apple. John. You see technology for doing very precise localization in mapping. Some of the sort of parts of this whats involved in the google car. So its a different sort of set of techniques and skills than sort of the traditional detroit auto making industry. Tim i love i didnt think about this but then i saw it. Oh yeah. Tim higns came from detroit. You come here to cover apple. What are the similarities between these companies . For one thing apple is a Global Company with a lot of cash. Costs, about 1 billion for a new car to be created. It costs 1 billion to build a new car . Generally speaking. Its an expensive timeconsuming process. So apple has a lot of money 178 billion. So not short of cash. Theyve got Global Operations used to doing supply Chain Management around the world used to doing industrial design. Used to dealing with retail network. So they have a lot of things in place. That said, designing and building cars is very compli
Should toyota worry . Chevy, its volt . Lets go to apple. John leonard. You see technology for doing very precise localization in mapping. Some of the sort of parts of this whats involved in the google car. So its a different sort of set of techniques and skills than sort of the traditional detroit auto making industry. Tim higgins, i love i didnt think about this but then i saw it. Oh, yeah. Tim higgins came from detroit. You come here to cover apple. What are the similarities between these companies . For one thing apple is a Global Company with a lot of cash. Costs, about 1 billion for a new car to be created. It costs 1 billion to build a new car . Generally speaking. Its an expensive timeconsuming process. So apple has a lot of money, 178 billion. So not short of cash. Theyve got Global Operations used to doing supply Chain Management around the world, used to doing industrial design. Used to dealing with retail network. So they have a lot of things in place. That said, designing
Toyota worry about is prius . Tim used to cover the auto industry, now he is an m. I. T. Industry professor. You see the technology doing very sites mapping, it was involving google car, it is a different set of techniques and skills from detroits automaking industry. Cory i saw your byline, tim higgins came from detroit any similarities between the companies . Auto industry churns through cash. Cost a billion dollars credit new car . It is expensive timeconsuming process. Apple has a lot of money in the bank, they have Global Operations they are use to Retail Networks all over the world. Now, that said, designing and building cars is very complicated something that trips up even experienced automakers with marketing hitting up what the consumer wants. It is a long lead time for developing a car. They spend boatloads of money in r d which is container ships full of money. The history, the knowledge they have built up is it abn accumulation . When you talk to engineers out in Silicon Va
And city of philadelphia. Reporter dragons may be down but they are in the out. Today they will face chicago in thee limb nation round with the winner going on to play vegas in the championship. I think, they are great and they have potential to win it. Im just saying. You can only go forward from here. So were still behind our team, we are in the letting them, give up, they are not giving up, so we are just going to stay behind them. One person is in stable condition and the Police Investigation is underway. Also developing right new police are searching for suspects in connection with two murders just blocks apart in southWest Philadelphia. Around 11 00 officers respondedded to the 2500 block of south manton street. Investigators found a man shot twice in the head in the drivers seat of the jeep when they arrived on the scene. Police interviewed witnesses for clues about the the shooter, so far in word on a motive. Now less than an hour beforehand and a mile away a teen was shot and
Tornadoes and flash flooding. Before that lets take a look at the market. The u. S. Equity futures shaping up to a positive day with the bulls if they stay for the early trends. S p fauutures up by 3. 5 and nasdaq up by 14. Lets tell you the big stories were watching this morning. The april employment report due at 8 30 eastern time. Forecasters say the economy added 228,000 jobs last month. The Unemployment Rate is seen declining to 5. 4 to a near 7 year low but of course there are lots of varying views on what this could all mean including some much higher estimates and also much much lower estimates. Also Billionaire Oil man boone boonepickens say oil will hit 75 by end of year. He notes Oil Inventories peaked. And the New York Times reporting that Taxi Service Uber submitted a 3 millioned by for nokias map business. Its a competitor to google maps. Theyre teaming up on an offer for that service as well. Google bought waves too. Ways still has its own app. They have their own app. T