Nissan Motor Co Ltd refuted reports that it is in talks with Apple Inc. about a tie-up for its autonomous car project.
According to reports, the iPhone maker has been negotiating with Nissan in recent months.
However, their brief discussions reportedly faltered over Nissan’s reluctance to become an Apple car assembler and that the talks had not advanced to senior management level.
While noting that it is not in talks with Apple, a Nissan spokeswoman emphasized that the Japanese carmaker explores collaborations and partnerships to accelerate industry transformation.”
Early-stage talks between Apple and Hyundai Motor Group over autonomous electric cars also recently collapsed on concerns within the South Korean automaker about becoming a mere contract manufacturer.
The auto industry does not have a major contract manufacturer.
Apple is aiming to produce a passenger vehicle that could utilize its breakthrough battery technology by 2024.


Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Ford and Geely Explore Strategic Manufacturing Partnership in Europe
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 



