Australia markets close in 5 hours 49 minutes
  • ALL ORDS

    6,935.40
    -51.40 (-0.74%)
     
  • ASX 200

    6,663.00
    -52.40 (-0.78%)
     
  • AUD/USD

    0.7681
    -0.0026 (-0.33%)
     
  • OIL

    52.18
    -0.18 (-0.34%)
     
  • GOLD

    1,836.90
    +7.00 (+0.38%)
     
  • BTC-AUD

    47,570.04
    +1,059.54 (+2.28%)
     
  • CMC Crypto 200

    708.54
    -26.60 (-3.62%)
     
  • AUD/EUR

    0.6358
    -0.0020 (-0.32%)
     
  • AUD/NZD

    1.0800
    +0.0002 (+0.02%)
     
  • NZX 50

    12,779.19
    -59.17 (-0.46%)
     
  • NASDAQ

    12,803.93
    -94.77 (-0.73%)
     
  • FTSE

    6,720.65
    -15.06 (-0.22%)
     
  • Dow Jones

    30,814.26
    -177.24 (-0.57%)
     
  • DAX

    13,848.35
    +60.62 (+0.44%)
     
  • Hang Seng

    28,862.77
    +288.91 (+1.01%)
     
  • NIKKEI 225

    28,242.21
    -276.97 (-0.97%)
     

Hyundai confirms discussions about building a car with Apple

Richard Lawler
·Senior News Editor
·1-min read
Apple's Senior Vice President of Software Engineering Craig Federighi speaks about CarPlay on stage during Apple's World Wide Developers Conference in San Jose, California on June 05, 2017.

Last month Reuters reported that Apple’s Project Titan self-driving electric car effort could produce a vehicle by 2024 or so, and now there are more rumors suggesting the company is serious about getting into the business. Earlier today a Bloomberg report focused on a number of people who’ve been hired on recently, citing sources who claimed work is at an early stage but who also thought it was about a half-decade away from launching.

Now CNBC quotes an unnamed spokesperson for Hyundai saying that “We understand that Apple is in discussion with a variety of global automakers, including Hyundai Motor. As the discussion is at its early stage, nothing has been decided.” That follows a Korea Economic Daily report that Apple proposed a deal to the company to develop a car as well as batteries.