Apple Inc. (NASDAQ:AAPL), (CTTAF) – Automotive Part Maker Vitesco Eyes Apple Car For Its EV Foray: Bloomberg

Apple Inc’s (NASDAQ: AAPL) debut in the electric car space has the potential to unlock newer revenue streams for Continental AG’s (OTC: CTTAF) (OTC: CTTAY) Vitesco Technologies powertrain unit, capitalizing on Apple’s unsuccessful attempts with Hyundai Motor Co (OTC: HYMTF), Bloomberg reports.

  • Soon-to-be spun-off Vitesco does not have many options, according to Bloomberg.
  • Volkswagen AG (OTC: VLKAF) (OTC: VWAGY) shares surged last week when it announced that it expected the electric vehicles (EVs) to account for 50{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} of the sales by 2030.
  • Vitesco Chief Executive Officer Andreas Wolf said in an interview that an Apple car would be an