Nissan denies Apple car talks

nissan

Following a report that Apple approached Nissan about a partnership for its autonomous car project, the Japanese company has revealed that it is not in talks with the iPhone maker.

The Financial Times said the companies were in brief discussions that faltered over Nissan’s reluctance to become an assembler for Apple-branded cars, adding that the talks had not advanced to senior management level.

The spokeswoman declined to comment further. Representatives for Apple were not immediately available for comment.

Shares in Nissan were sharply lower in early Monday afternoon trade, down 3.7% compared to a 1.4% rise for the Nikkei 225 benchmark.

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.

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