Nissan Motor Co. said Sunday it was not in talks with Apple Inc. to develop an autonomous electric car. Reuters reported.
Earlier, The Financial Times reported Apple had started brief, low-level talks that ended over the Japanese automaker’s reluctance to manufacture Apple-branded cars.
“We are not in talks with Apple,” said a Nissan spokeswoman, according to Reuters. “However, Nissan is always open to collaborations and partnerships to accelerate the transformation of the industry.”
fell 3% in Tokyo trade.
AAPL, + 0.18%
is to work with an automaker to bring a self-driving electric car to market as early as 2024.
Last week, the South Korean Hyundai Motor Co.
005380, + 0.82%
said It was no longer in talks with Appleafter a negotiating word became known in January.