Kia and Hyundai have said that Apple vehicle deal is ''off the table''
After weeks of speculations that car manufacturers Kia and Hyundai will soon work on an Apple-inspired car, the deal has been called off. This announcement has affected the stocks of both car manufacturers. Deal to manufacture Apple Car is 'dead' - Hyundai South Korean vehicle giant, Hyundai Motor has said it has severed talks with Apple about electric vehicles after confirming last month's talks with the tech giant. The initial talks have seen their shares increased with many buying up stocks in the firm, but with the recent announcement of the cancellation of this deal, about $2 billion value has been wiped off and Hyundai shares slid to 6.1%. Also, stocks in their affiliate company which was tilled to be a collaborator with Apple went down by 14% which is about $4.8 billion. This...