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FOCUS-Hyundai wrestles with the risks of embracing Apple


5 Min Read
SEOUL/SAN FRANCISCO, Jan 29 (Reuters) - Executives in Hyundai Motor Co Group are divided over a potential tie-up with Apple Inc, with some raising concerns about becoming a contract manufacturer for the U.S. tech giant, dimming the outlook for a deal.
Hyundai said earlier this month it was in preliminary talks with Apple, but gave no details. Local media said the firms were discussing an electric car and battery tie-up.
Apple declined to comment.
Apple has never acknowledged talks with the automaker about building vehicles, and it was unclear whether any such talks are still active. The iPhone maker typically insists on strict secrecy from its potential partners and suppliers about future plans or unreleased products. ....

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Hyundai, Kia call off car deal with Apple, see $8.5 billion wiped off market value


Hyundai, Kia call off car deal with Apple, see $8.5 billion wiped off market value
Hyundai is traditionally known for its reluctance to work with outsiders, making engines, transmissions and even its own steel in-house in a vertically integrated supply chain as South Korea s second-largest conglomerate
Reuters | February 9, 2021 | Updated 09:45 IST
Apple and Hyundai first started talks over a car partnership in 2018 but progress was hampered by the South Korean automaker s reticence on working with outsiders.
South Korea s Hyundai Motor Co said it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker s shares skidding. ....

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