Ford hires away executive leading Apple’s car project

Losing Field is a blow to Apple, whose car project has gone through several strategy and leadership shake-ups since it started to take shape around 2014. Field joined in 2018 and is at least the fourth member of the car group’s management team who has left since February.

Apple has become the world’s most valuable company, with an almost $2.6 trillion market capitalization, by selling smartphones, tablets, personal computers and services. Investors and customers have been clamoring for new device categories, and speculation about the car project was rampant early this year.

Some Apple engineers on the project believe the company could release a product in five to seven years if the company decides to go ahead with one, people with knowledge of the efforts said in January. Discussions with some major automakers, including Hyundai Motor Co., have stalled, Bloomberg reported in March.

Field began his career as an engineer at Ford.

Automotive News contributed to this report.

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