Tech giant Apple has recently been extensively rumored to be working on its self-driving car, which has been internally codenamed “Project Titan.”

According to the reports, the company had seemingly begun working on the project back in 2014 and, just recently, the rumors have stated that the company’s self-driving technology will make its debut soon.

However, Volkswagen CEO doesn’t believe it’s an immediate threat at the moment.

The automobile manufacturer’s senior executive stated that he is “not afraid” of the Apple Car. As per CEO Herbert Diess, the tech giant and its upcoming self-driving car will not overtake the 2 trillion US Dollars automobile industry overnight. While Apple has yet to confirm that it is actually working on an automotive, Diess believes that the rumors and reports are still “logical.” The iPhone maker already has expertise in battery technology, software, and design.

Volkswagen is one of the largest car manufacturers in the world and Europe and is based in Germany. It has a significant standing in the industry as well.

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