Hyundai And Apple Alliance Is No More - Which Company Will Suffer The Most From The Fallout?

Hyundai Motor Group said Monday it is not now in talks with Apple on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker's shares falling.

Hyundai's stock fell 6 percent, wiping $3 billion off its market value. Shares in its affiliate Kia, which had been tipped in local media reports as the likely operational partner for Apple, tumbled 15 percent -- a $5.5 billion hit.

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