Hyundai confirms it is no longer in talks with Apple regarding car production

By Staff Writer

Hyundai Motor Co announced on Monday that it is no longer in talks with Apple on manufacturing electric cars, just a month after it confirmed early-stage talks with the tech giant.

Certain executives at Hyundai Motor Co Group have internally raised concerns about becoming a contract manufacturer for the US tech giant in a tie-up reminiscent of the trend in the electronics business.

Media outlets including CNBC had reported that a deal was close to being finalized and the two companies were set to sign the deal on Feb.17.