Hyundai and Kia are not in talks with Apple about a collaboration. The South Koreans declare that on Monday. The response is immediately disappointed at the fair.
Various media have reported in recent months that Apple and Hyundai are working on an alliance to make self-driving cars together with Apple. The South Korean car company reported in January that it was in talks with the iPhone maker, but later retracted that statement. The announcement would have sparked anger at Apple, which usually keeps new developments strictly secret. The most recent rumor dates back to last week, when it was reported in South Korea that Apple is investing $ 3.6 billion in Kia and that Kia would build Apple cars in the US.
However, Hyundai and Kia announced on Monday in a legal update under the rules of the South Korean stock market that they are not in negotiations with Apple about the development of a self-driving car from the iPhone maker. In recent weeks stock prices of Kia and parent company Hyundai have skyrocketed due to rumors, but Hyundai is now losing nearly 6 percent and Kia Motors is losing 14 percent.