A couple of hours later, Hyundai furiously backpedaled to say it was in talks with numerous potential partners.
Both Hyundai and Kias shares fell6.21% and 15%, respectively,in Seoul following todays news.
https://gizmodo.com/i-predict-hyundai-will-soon-be-out-of-the-running-for-t-1846016729
This isnt exactly a surprising end to the back-and-forth between Hyundai and Apple this past month.
Photo: Justin Sullivan (Getty Images)
But this was all before news leaked this past Friday that Apple purportedlyhit pause on talkswith Hyundai and Kia.
After all, the fact that Apples been interested in car tech is Silicon Valleys worst-kept secret.
Nikkei reported last week that Apple was in talks withat least six Japanese automakers.
How long will that be?
Meanwhile, Bloombergs Mark Gurmancitedunnamed Apple sources as saying the project will take at least five to seven years.
So buckle up folks, its gonna be a long ride.
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