Description: South Korean automakers Hyundai Motor and Kia Motors said Monday they are not in talks with Apple to develop an autonomous vehicle. Hyundai Motor shares fell 6.21% in South Korea on Monday while Kia Motors shares plunged about 15%. Other affiliates including Hyundai Wia, Hyundai Mobis and Hyundai Glovis also fell sharply.
Source: CNBC.com – video report
Date: Feb 08, 2021
Questions for discussion:
- Why did the share values drop on the news that talks are still at a very early stage?
- How do you think investors should approach all of the companies involved?