“The shares slid 8.9 percent for their biggest two-day decline since December,” Clothier reports. “Apple said yesterday that it’s working with carmakers such as Bayerische Motoren Werke AG (BMW), General Motors Co. (GM), Honda Motor Co. and Toyota Motor Corp. to add the button activating Siri, its voice-recognition software. That sent shares of Stamford, Connecticut-based Harman down 5.2 percent for the day.”
‘Apple is a partner, not an adversary,’ Harman Chief Executive Officer Dinesh Paliwal said in an interview today. Harman, which supplies equipment that combines music, maps and other information in automobiles, has been working with Apple and BMW on integrating the iPhone into BMW vehicles, he said,” Clothier reports. “The feature, Apple for Automotive, will be available on BMW vehicles this fall, Paliwal said… Harman has said its gear is in 80 percent of luxury vehicles sold.”
Read more in the full article here.
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