Hyundai stock soars on report it may build Apple car in US
Fox Business Flash top headlines for January 12
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
Hyundai stock was up 25 percent Monday amid continued reports that the company is close to announcing a deal to collaborate on an autonomous electric car with Apple.
Continue Reading Below
According to Reuters, Korea IT News reported that the companies were targeting a 2024 start of production for the vehicle, which will either be built at an existing factory in Georgia that currently manufactures vehicles for Hyundai-owned Kia, or at a new purpose-built facility in the U.S.