Hyundai confirms that it is in early discussions with Apple on collaborating to develop a self-driving car, and says Apple is in talks with several car makers
- South Korean automaker Hyundai Motor said it's in the early stages of discussions with Apple over potentially working together to develop an electric car.
CNBC Saheli Roy Choudhury
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Discussion
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@stevekopack
Steve Kopack
on x
In a statement just obtained by @CNBC's @cherykang, the auto giant Hyundai says: “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.”
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@gearoidreidy
Gearoid Reidy
on x
Rough day over at the Hyundai PR department, who had to revise a statement — twice — that initially confirmed it was in talks with Apple on self-driving cars. The last version of the statement contained no reference to Apple at all. https://www.bloomberg.com/...
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@business
@business
on x
Hyundai shares jump 18% after a report said Apple was in talks with the automaker on developing self-driving electric vehicles https://www.bloomberg.com/...
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@subinbkim
Subin Kim
on x
HMC confirms that it is in discussion with Apple while saying it's at an early stage. The earlier report says, however, it's awaiting approval from its chairman Chung Eui-sun. https://twitter.com/...
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@stockstobuy
@stockstobuy
on x
Apple $AAPL thinks it's customers will want to ride in a Hyundai https://www.bloomberg.com/...
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@stephennellis
Stephen Nellis
on x
Hyundai has since tried to walk this back in its subsequent securities filings, but I am guessing that the statements today are now part of the narrative. Whatever talks there may have been could well have just been blown up by naming Apple publicly. https://twitter.com/...
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@ismh
Stephen Hackett
on x
Well, that deal is dead. https://twitter.com/...
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@_harshilshah
Harshil Shah
on x
What are the odds that they are still “in discussions”? https://twitter.com/...
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@mpelletiercio
Martin Pelletier
on x
$9 billion in value created on “talks” about partnering to “develop” autonomous vehicles. This level of speculative money in the US equity market is getting ridiculous. https://twitter.com/...
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@fabriziofrener
Fabrizio
on x
Wow, an Apple car seems all but confirmed within this decade. https://twitter.com/...
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@caro_milanesi
Carolina Milanesi
on x
Interesting that a potential Apple's partner confirms something even if it is just about talking to them https://twitter.com/...
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@markgurman
Mark Gurman
on x
Apple is working on a full self-driving car, but development is early with a launch at least half a decade away. Apple also moved Tesla's former car interior head to car team, hired Tesla's former Autopilot chief, and is working on a car chip. That & more: https://www.bloomberg.c…
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@psythor
James O'Malley
on x
Presumably hoping that: a) the cost of LIDAR comes down and b) They can use their chip tech to do some really fast local ML processing to solve for the most difficult 5% of self-driving situations no one else has cracked yet. https://twitter.com/...
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@rdrv3
David ‘cyberdunk’ Ruddock
on x
in other words, apple is not working on a car, it's working on the feasibility of a car, and I strongly suspect that will end up as most of apple's weird side projects do: nothing https://twitter.com/...
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@geoffreyfowler
Geoffrey A. Fowler
on x
And if we learned anything from the first iPad and Apple Watch: Don't buy the first-gen Apple Car https://twitter.com/...
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@scobleizer
Robert Scoble
on x
@markgurman Apple could buy GM out of petty cash. And get it for its autonomous division. So it can always get into transportation if it wants to.
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@starfire2258
Sean Hollister
on x
Don't expect the Apple Car anytime soon. (Reuters previously said Apple targeting production by 2024, so this might seem a contradiction but could just be corroboration, if the engineers cited here are doing their best Scotty.) https://twitter.com/...
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@patrickmcgee_
Patrick McGee
on x
“Some Apple engineers on the project believe the company could release a product in five to seven years if Apple goes ahead with its plans. The car is nowhere near production stage, the people said, though they did warn timelines could change.” https://twitter.com/...
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@epro
Emil Protalinski
on x
The last 3 stories (across just 11 days) detailing Apple's plans for a car can be summed up 3 words: TBD https://twitter.com/... https://twitter.com/...
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@jonyiveparody
@jonyiveparody
on x
The greatest car that Apple has never released! https://twitter.com/...
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@nkwaten
@nkwaten
on x
Thought they killed it and focused on an carOS instead. Anyway welcome back https://twitter.com/...
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@jioriku
McGuire Wood
on x
On the one hand, cool that they are in talks I'm the other hand: They're only making the chips as of this moment. No actual car. Probably in talks to integrate them in future vehicles that aren't Apple x Company https://twitter.com/...