Autos

Apple and Hyundai-Kia pushing towards deal on Apple Car

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After years of speculation that it will eventually get into the auto business with its own vehicle, Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle at the Kia assembly plant in West Point, Georgia according to multiple sources who briefed CNBC on the plan.  

The so-called “Apple Car,” which is being developed by a team at Apple, is tentatively scheduled to go into production in 2024, though people familiar with the talks between Apple and Hyundai-Kia say the eventual rollout could be pushed back.  

Sources tell CNBC no agreement has yet been reached between the two companies. In addition, they stress that Apple may…



Source cnbc.com

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