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Tuesday 12 January 2021

A $21-billion wager on who will build the Apple car — hint: it's a Canadian company

A red-hot trend in the car industry is for new entrants such as Fisker Inc. to hand over the complicated and capital-intensive work of engineering and building vehicles to a contract manufacturer.

Increasingly, cars are judged on their software and electronics so why bother wasting time and money on metal bashing?

If Apple Inc. is indeed seriously considering launching its own vehicle, as press reports suggest, then it will almost certainly decide to outsource, as it does with the iPhone. Apple designs the phone and its operating system but employs Foxconn to assemble components into a handset.

Read the whole news on https://financialpost-com.cdn

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