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Will Apple be breaking into the auto industry? -- What we know
Read full article: Will Apple be breaking into the auto industry? -- What we knowSpeculation of an Apple car came in 2015 when the A123 Systems electric car battery company sued Apple Inc. for poaching some of its employees. Gartner auto analyst Mike Ramsey said the idea of Apple getting into the car business grabs attention. Nobody in the auto industry has ever made those kinds of profit margins. Industry headlines have recently included notions that Ford could possibly build the Apple Car, then Hyundai and now thereโs also Canadian auto supplier, Magna. Thatโs the kind of company that Apple likes to work with and the rest of their business,โ Abuelsamid said.