APPLE INSIDER
South Korean carmaker Hyundai and affiliate Kia have declared they are no longer in negotiations with Apple to manufacture the rumored Apple Car.
Following a flurry of reports about Apple’s talks with Hyundai and Kia about the ‘Apple Car,’ Hyundai has publicly admitted it’s no longer in discussions with the iPhone maker about the project.In a regulatory filing, Hyundai and Kia said the two firms had received requests from multiple outfits about self-driving electric car development, but no decision had been made as the talks were at the early stages. Bloomberg reports Hyundai’s shares dropped 8.4% after the filing, and Kia fell 14%.
Source: APPLE INSIDER