Microsoft’s project cars initiative has failed, with only a handful of new projects due to be unveiled by the end of this year, according to an internal memo. 

Project Cars, the effort to build a mass-market car and bring it to market by 2035, has been mired in a series of delays, setbacks and failures.

The program, which was originally scheduled to begin in 2016, was supposed to launch by the middle of this month, but a lack of funding and technical problems has slowed down the program.

The memo from Microsoft vice president for product management Michael R. Hickey was first reported by the Wall Street Journal.

The effort has been plagued by delays, and it has been repeatedly accused of not delivering on its promises to build cars capable of driving themselves, according.

Microsoft had said it would start working on car technology and software by 2021.

But after its first car, the Chevy Bolt, ran into a series on-road issues and a few major design problems, the company decided to shelve the effort.

Instead, the next project is scheduled to start in 2019 and will be the brainchild of former Honda engineer Eric Huang.

The new car would be the result of years of hard work and engineering, according the memo.

Huang, who joined Microsoft as a product manager in 2009, was instrumental in the project’s development.

It is not clear when Huang will return to the company.

He has said he will be retiring in 2028, according to Microsoft.

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