Hyundai, Kia deny Apple car talks, send shares tumbling


SEOUL (AFP): South Korean automaker Hyundai and its affiliate Kia on Monday (Feb 8)denied news reports they were in talks with Apple for a joint project to make autonomous vehicles, sending their shares tumbling.

The announcement came about a month after the country's cable broadcaster Korea Economic TV said the iPhone maker had approached Hyundai to discuss a potential partnership to develop electric vehicles and batteries for them, sending the carmaker's shares soaring.

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South Korea , Hyundai , Kia , Apple car talks , deny

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