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

Link: https://www.cnbc.com/2021/02/08/hyundai-kia-shares-fall-say-not-in-talks-to-develop-apple-car.html

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?