Cars | Page 10

While Tesla's Model 3 will hit showrooms in 2017, and as rivals Porsche and Audi are working on all-electric cars for release by 2019, the German carmaker appears to have put such cars on the back burner.

Under the radar, Honda has been building semi-autonomous functionality, including forward-collision warning, lane- departure warning and lane-keeping assist.

Even though he thinks Apple started late on building a car, "I think they'll make a good car, and will be successful," he said.

Europe's largest automaker will this month unveil a new business strategy aimed at improving accountability and speeding up model development, with greater investments in electric cars, new technologies and mobility services among the key elements, company sources have said.