Hyundai, Kia say Apple car deal is off, puncturing investor dream

SEOUL (Reuters) – South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker’s shares skidding.

Wiping $2.4 billion off its market value, Hyundai stock slumped 4.3% by 0428 GMT. Shares in its affiliate Kia Corp, which had been tipped in local media reports as the likely operational partner for Apple, tumbled 12.8% – a $4.7 bilion hit.

The announcement brings the curtain down on weeks of internal divisions at Hyundai Motor Co Group – parent to both automakers – about the potential tieup, with some executives raising concerns about becoming a contract manufacturer for the U.S. tech giant in a tieup reminiscent of electronics firm Foxconn’s role in making device for Apple like the iPhone.

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Nokia to help Deutsche Telekom’s optical transport network modernization

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Press Release

Nokia to help Deutsche Telekom’s optical transport network modernization

  • Deutsche Telekom will deploy Nokia’s optical transport portfolio to deliver a higher-capacity, more automated network that meets residential and Industry 4.0 requirements
  • The modernized network will be easier to scale, enabling faster services delivery times and innovation

8 February 2021

Espoo, Finland – Nokia today announced it has been selected by Deutsche Telekom as a long-term strategic partner to transform the operator’s optical network into a service-centric platform that can easily scale to meet Industry 4.0 demands.

The transformation will enable Deutsche Telekom to deliver an enhanced service quality experience to its customers by upgrading the existing network to a more scalable and automated one. Deutsche Telekom will also benefit from automation to simplify and streamline operational tasks to

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