Apple Car talks have Paused with Hyundai/Kia

 


Apple's talks with Hyundai for the 'Apple Car,'  has paused, Hyundai publicly admitted it's no longer in discussions with Apple on the project.

Bloomberg reports Hyundai's shares dropped 8.4% after the news, and Kia fell 14%. The two car Manufacturers were reported to be in discussion with Apple for the 'Apple Car,' It is said that Apple was reportedly upset with the public disclosure and wanted to withdraw from any discussions with Hyundai.

It is also rumored that Apple had approached six different Car Manufacturers before settling on with Hyundai. 

We fee that the deal is still on and Hyundai is trying to do damage control.  

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