Magna International Inc front-runner to win long-rumoured Apple Car business: report
Handelsblatt reported that both BMW AG and Daimler AG have ended talks with Apple about a deal to help build an electric, possibly self-driving car
Canadian auto-parts giant Manga International Inc. is reportedly in advanced talks with Apple Inc. to build its long-rumoured Apple Car.
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
German newspaper Handelsblatt reported Wednesday that both BMW AG and Daimler AG have ended talks with Apple about a deal to help build an electric, possibly self-driving car.
tap here to see other videos from our team .
Magna International Inc front-runner to win long-rumoured Apple Car business: report Back to video
tap here to see other videos from our team .
According to the newspaper, Magna is now considered to be the front-runner for the contract.
Get the latest headlines, breaking news and columns.
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
A welcome email is on its way. If you don't see it, please check your junk folder.
The next issue of Top Stories will soon be in your inbox.
We encountered an issue signing you up. Please try again
Interested in more newsletters? Browse here.
Manga spokeswoman Tracy Fuerst said the company doesn’t comment on speculation.
Earlier this year, Tesla Motors Inc. CEO Elon Musk said it was an “open secret” that Apple is building a car.
“It’s pretty hard to hide anything if you hire over 1,000 engineers to do it,” Musk told BBC News in January.
Magna has long been rumoured to be in the running to build the car. It already assembles vehicles for Mercedes and BMW’s Mini brand at its Magna-Steyr operation in Austria, but Mini will end production at the plant this year.
To replace that business, Magna announced a contract in January to product 100,000 5 Series sedans for BMW.
-
Commodities -
News -
Advertisement 1Story continues belowThis advertisement has not loaded yet, but your article continues below.
-
News -
Autos -
Mining
Join the Conversation
Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.