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Automotive

Reuters exclusively reports Hyundai wrestling with risks of tie-up with Apple

Reuters reported exclusively that 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. Sources told Reuters that the options considered included Hyundai or Kia acting as a manufacturer for vehicles designed by Apple and sold under its powerful, ubiquitous brand. Although shares in Kia and Hyundai have surged because of the talks, there is considerable opposition to becoming an Apple contract manufacturer, which could hold up any deal with the American giant, Reuters sources said.

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: AsiaNorth America
Countries: South Korea
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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