Apple

Apple (AAPL) May Reveal Key Details of Its Secretive Apple Car Project at Today’s “Spring Loaded” Event, According to a Credible Source

Apple Car, the iPhone manufacturer’s secretive EV program, has become the subject of a veritable frenzy as the rumor mill suggests that Apple (NASDAQ:AAPL) may reveal key aspects of its electric vehicle at the “Spring Loaded” event later today.

Bear in mind that a Korean report last week postulated that the Apple Car would be manufactured in collaboration with the joint venture between LG Electronics and Magna International (NYSE:MGA) – the LG Magna e-Powertrain. Should this collaboration materialize, it would allow Apple to better utilize its existing synergies with LG affiliates. Additionally, Apple would then be able to tap into Magna’s substantial manufacturing prowess. As a refresher, Magna already has production contracts with around 45 OEM customers, including Toyota, BMW, Honda, Hyundai, Volvo, Volkswagen (VW), and Fisker (NYSE:FSR). Recently, the company signed an agreement with the Israeli startup REE Automotive to build its

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Apple Stock Could Recharge If Mysterious Apple Car Lives Up To Rumors

Apple stock has thrived for decades as the company thrilled consumers with well-timed innovations in computing, music and phones. Now investors, hungry for a new breakthrough from the Silicon Valley icon, are cheering for what could be the company’s biggest quantum leap ever: an electric Apple car.




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Rumors that Apple (AAPL) plans to branch out into automaking have circulated for years and gained momentum recently. The speculation is sparking the imagination of both investors and consumers, who wonder if the Apple car will be something revolutionary or just a me-too electric vehicle to compete with the likes of Tesla (TSLA).

Will Apple break new ground like it did with the first iPhone, which paved the way for touch-screen mobile devices? And will it rock the auto industry the way its iPod and iTunes almost single-handedly saved record companies from extinction? An intriguing question is

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Would you buy the Apple Car if it looked like this?

One of the main reasons why many people were initially skeptical of Apple’s car plans is that the infrastructure required for automotive manufacturing is immense and requires billions of dollars in capital. And while Apple certainly has billions to spare, the buildout of a facility capable of manufacturing cars at scale can take years when taking into account permits, staffing, construction, and importing advanced robotics and machinery.

Click here to redeem this deal.

Apple, though, is hoping to avoid these aforementioned challenges altogether by partnering up with an established automotive manufacturer. According to reports, Apple over the past few months has been trying to secure a partnership with a number of companies, including Kia and Hyundai. Those specific talks are said to have fallen through, but Apple today is reportedly still in talks to reach a manufacturing agreement with either Foxconn or Magna.

The type of partnership Apple is seeking

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Apple Car Would Be Welcomed by Parts Maker Pivoting to EVs

Bloomberg

Fight Between Commodities Giants and Shippers Leaves Seafarers Stuck

(Bloomberg) — A standoff between commodities giants and shipping companies is prolonging the labor crisis at sea, with an estimated 200,000 seafarers still stuck on their vessels beyond the expiration of their contracts and past the requirements of globally accepted safety standards. In an effort to keep deliveries of food, fuel and other raw materials on schedule, some of the big commodities firms are avoiding hiring certain vessels or imposing conditions that may block relief for exhausted seafarers. The companies are trying to steer clear of crew changes, which have become far more expensive and time-consuming during the coronavirus outbreak. In an effort to keep shipments on schedule, some firms have asked their shipping partners to guarantee that no change will take place, according to emails and contracts reviewed by Bloomberg.Those requirements risk worsening a labor crisis already in its

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