Sunday, February 28, 2021
News Hyundai Says Not in Talks With Apple Over Autonomous Vehicles

Hyundai Says Not in Talks With Apple Over Autonomous Vehicles

Bite taken out of Apple and Hyundai deal

  • Hyundai confirmed conversations with Apple in Janary, but deal seems to have crumbled

  • Statement comes from South Korean regulatory filing


Once again it’s the Apple Car at the top of the news, this time Hyundai Motor Company is saying that no, it isn’t in talks to develop an autonomous car with Apple. The news has sent shares in both automakers down sharply in response to a build-up over the last few weeks.

Reports last week said that the Apple Car would be built by Kia at the automaker’s plant in Georgia. That after reports from shortly before saying that it would be built by Hyundai. Hyundai confirmed it was in negotiations with Apple early last month. After the Hyundai news, Apple was said to have been upset by the leak, as the tech firm is known for being extremely secretive about future product.

As a publicly traded company in Korea, Hyundai Motor Group is required to issue regulatory filings about rumours that are driving the price of its stock. In one of those regulatory filings made over the weekend, HMG said that it had received “requests for cooperation” from companies looking to develop self-driving electric vehicles.

“We are not conducting consultations with Apple on the development of autonomous vehicles,” said HMG in the filing, according to a translation.

While that was enough to send shares dropping, the statement says that they’re not working on autonomous vehicles. It doesn’t seem to rule out conventional electric vehicles, such as those set to be built on Hyundai’s upcoming E-GMP electric platform, so we anticipate more reports of dealings between the two companies to come.

Trending Now

New Ford Shelby F-250 Super Baja Truck Is A Super-Raptor

It’s based on a Super Duty with Power Stroke power. Only 250 will be made and will be priced from $125,805 including the...

New Report Says Plug-In Ford Ranger Confirmed

A plug-in hybrid version is now confirmed for the next generation of the Ford Ranger. Except that it's not at all certain if that's...

45 Years Of The Volkswagen Golf GTI Celebrated With The Clubsport 45

The beloved VW Golf GTI was launched back in 1976. Its turbocharged 2.0-litre engine will produce 300 PS, or 296 horsepower. The Volkswagen Golf...

Nova Scotia Government Adds EV Incentives

Incentives cover new and used vehicles Up to $3,000 for buyers of electric vehicles, on top of fed incentive The number of provinces offering...

Mitsubishi Offering Help For Catless Car Shoppers

Cat gone for a prowl, why not get a new Mitsubishi instead? Offer an interesting way to help victims of increasingly common theft Automakers...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.