logo
Plus   Neg
Share
Email

Apple Reportedly To Invest $3.6 Bln In Kia Motors

Apple Inc. (AAPL) will invest 4 trillion won or $3.6 billion in Kia Motors Corp. (KIMTF.PK) as part of a collaboration between the companies on making electric vehicles, a South Korean daily newspaper DongA Ilbo reported.

The iPhone maker plans to set up production with Kia Motors and build Apple cars at the South Korean carmaker's facility in Georgia, U.S., the report said.

According to the the newspaper, the companies could sign a deal in the middle of this month and aim to unveil Apple cars in 2024. They initially target to produce 100,000 cars per year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Alaska Airlines is set to use sustainable aviation fuel (SAF) made from municipal solid waste following a partnership with SkyNRG Americas, claimed to be the pioneer and global leader for SAF. Alaska Airlines is one of the most fuel-efficient airlines in the U.S. with a strong commitment to sustainability. Discount retailer Dollar General said it is planning to hire up to 20,000 new employees this spring. The company will host in-person and virtual hiring events from April 19 through April 23 to support ongoing efforts across store, distribution, transportation and corporate operations. The retailer provided a comprehensive list of hiring events and available positions on its Careers website. Wells Fargo & Co. (WFC) on Tuesday reported net income applicable to common stock of $4.74 billion or $1.05 per share for the first quarter, sharply higher than $653 million or $0.01 per share in the year-ago quarter. Revenue for the quarter increased 2 percent to $18.06 billion from $17.72 billion...
Follow RTT