Apple

LG Could Help Apple Build Its Car Without A Major Carmaker Partner

By Betty C. Morrow 2 months ago

A new report suggests Apple could be close to finalizing a production partnership for its rumored car with the LG Magna e-Powertrain joint venture.

Apple is reportedly very close to a deal with LG Magna e-Powertrain to build its long-rumored car. The joint venture between LG and automotive supplier Magna International was agreed at the end of last year. A deal with it would allow Apple to build a car without the need for a partnership with a major carmaker, which would have both pros and cons.

Although Tim Cook recently stopped short of confirming work on an Apple car, instead discussing the potential for its work on autonomous driving systems, there’s little doubt that a car of some sort in Apple’s sights. Whether that’s a production car for consumers, a robotaxi, or some other form of autonomous transporter remains to be seen. Indeed, it’s previously been suggested that

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Apple Stock Could Recharge If Mysterious Apple Car Lives Up To Rumors

By Betty C. Morrow 2 months ago

Apple stock has thrived for decades as the company thrilled consumers with well-timed innovations in computing, music and phones. Now investors, hungry for a new breakthrough from the Silicon Valley icon, are cheering for what could be the company’s biggest quantum leap ever: an electric Apple car.




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Rumors that Apple (AAPL) plans to branch out into automaking have circulated for years and gained momentum recently. The speculation is sparking the imagination of both investors and consumers, who wonder if the Apple car will be something revolutionary or just a me-too electric vehicle to compete with the likes of Tesla (TSLA).

Will Apple break new ground like it did with the first iPhone, which paved the way for touch-screen mobile devices? And will it rock the auto industry the way its iPod and iTunes almost single-handedly saved record companies from extinction? An intriguing question is

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Would you buy the Apple Car if it looked like this?

By Betty C. Morrow 2 months ago

One of the main reasons why many people were initially skeptical of Apple’s car plans is that the infrastructure required for automotive manufacturing is immense and requires billions of dollars in capital. And while Apple certainly has billions to spare, the buildout of a facility capable of manufacturing cars at scale can take years when taking into account permits, staffing, construction, and importing advanced robotics and machinery.

Click here to redeem this deal.

Apple, though, is hoping to avoid these aforementioned challenges altogether by partnering up with an established automotive manufacturer. According to reports, Apple over the past few months has been trying to secure a partnership with a number of companies, including Kia and Hyundai. Those specific talks are said to have fallen through, but Apple today is reportedly still in talks to reach a manufacturing agreement with either Foxconn or Magna.

The type of partnership Apple is seeking

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Apple Car Would Be Welcomed by Parts Maker Pivoting to EVs

By Betty C. Morrow 3 months ago

(Bloomberg) — Apple Inc. entering the electric-car race could be a boon to Continental AG’s Vitesco Technologies powertrain unit as it attempts a wrenching transition away from internal combustion engines.

Reports that Apple is working on a self-driving EV have ignited speculation about how the technology giant would pursue such a plan. Talks with carmakers including Hyundai Motor Co. have fizzled, perhaps due to reluctance to aid a disruptive new rival. But for automotive suppliers eager to unlock fresh revenue streams, it would be much-needed business.

“An Apple car would certainly be an exciting development,” Vitesco Chief Executive Officer Andreas Wolf said in an interview. “The more EVs there are, the better.”

Soon-to-be spun-off Vitesco can’t afford to be picky. Car-parts makers are under pressure as the industry shifts toward battery-powered vehicles, which require fewer parts than gasoline and diesel-powered cars. Volkswagen AG last week became Germany’s most valuable

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