Wiping US$2.1bil off its market value, Hyundai’s stock slumped 4.2%. Shares in its affiliate Kia Corp, which had been tipped in local media reports as the likely operational partner for Apple, tumbled 12% – a US$4.3bil hit.
SEOUL: South Korea’s Hyundai Motor Co said yesterday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker’s shares skidding.
Wiping US$2.1bil off its market value, Hyundai’s stock slumped 4.2%. Shares in its affiliate Kia Corp, which had been tipped in local media reports as the likely operational partner for Apple, tumbled 12% – a US$4.3bil hit.
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