the iCar? Not likely
Just so very exciting to think about Apple creating a car! Realistically, there is less than 1% chance of that happening anytime soon. Yes, Apple has more cash than most countries...but there is no place for Apple in the automotive business and they know it. I could list the reasons...but my hands would cramp from typing them all.
That being said, Apple's products do have a place in the vehicle. Apple's move into wearables has a place in the vehicle. The current integration of Apple technology in the car is is Alpha stage and is very sophomoric and borderline abysmal. It is embarrassing. It doesn't address safety, it doesn't add value, it doesn't represent any of the design styles, quality and image of the Apple product line.
More than likely, this team is charged with providing an automotive mindset to Apple product design and product management as they move further toward a vehicle integration that brings value to the OEM and the consumer and ties the vehicle into the existing Apple ecosystem that its customers have created with phones, wearables, macs, iPads, etc. An ecosystem that is supposed to surround us as we live, where we exist...and always be adding value to the point that we cannot imagine being without it. That ecosystem doesn't go nicely into the car right now. It needs to.
Maybe...just maybe they will help with battery tech or something along those lines....but I'm doubting that as well.