Apple is not building a top-secret electric minivan – Business Insider

    Apple may very well be building a car. The tech rumor mill has been in a frenzy about this since last week. In the auto industry, there’s a bit more head-scratching going on. Why would a company that seems to be able to print money with gigantic high-profit-margin-money-printing press want to get into a notoriously modest-margin, capital-intensive business with upgrade cycles that can run for over 10 years (the average age of a car on the US roads is currently 11 years)?