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Feb. 14, 2021, 11:46 p.m. EST

Nissan says it’s not in talks to make Apple’s autonomous car: report

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By Mike Murphy

Nissan Motor Co. on Sunday said it was not in talks with Apple Inc. to develop an autonomous electric car, Reuters reported .

Earlier, the Financial Times reported Apple had initiated brief, low-level talks that ended over the Japanese auto maker’s reluctance to manufacture Apple-branded cars.

“We are not in talks with Apple,” a Nissan spokeswoman said, according to Reuters. “However, Nissan is always open to exploring collaborations and partnerships to accelerate industry transformation.”

Nissan shares /zigman2/quotes/208298710/delayed JP:7201 -1.03% fell 3% in Tokyo trading.

Apple /zigman2/quotes/202934861/composite AAPL +0.53% is reportedly looking to partner with an auto maker to launch a self-driving electric car as soon as 2024.

Last week, South Korea’s Hyundai Motor Co. /zigman2/quotes/206684590/delayed KR:005380 +0.22% said it was no longer in talks with Apple , after leaking word of negotiations in January.

/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 557.90
-5.80 -1.03%
Volume: 11.86M
May 7, 2021 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥2183.14 billion
Rev. per Employee
¥71.69M
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 130.21
+0.69 +0.53%
Volume: 78.97M
May 7, 2021 4:00p
P/E Ratio
29.22
Dividend Yield
0.68%
Market Cap
$2172.90 billion
Rev. per Employee
$1.86M
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/zigman2/quotes/206684590/delayed
KR : S. Korea: KRX
224,000
+500.00 +0.22%
Volume: 639,489
May 7, 2021 3:30p
P/E Ratio
40.95
Dividend Yield
1.34%
Market Cap
₩51581.55 billion
Rev. per Employee
₩1.45B
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