Germany’s Continental AG wants to partner on possible Apple Car

“Germany’s Continental AG would be interested in acting as partner for technology giant Apple should the U.S. company decide to build a car, Chief Executive Elmar Degenhart said,” Andreas Cremer reports for Reuters.

“‘Apple has an excellent reputation on information and communication systems and has incredible financial strength,’ the CEO said on Thursday during an earnings call,” Cremer reports. “‘We would be interested’ in acting as partner if Apple decides to produce a vehicle, he said.”

Read more in the full article here.

“Continental AG, Europe’s second-largest maker of vehicle parts, plans to increase revenue by at least 45 percent by the end of the decade as demand expands for automotive electronics and machinery components,” Elisabeth Behrmann reports for Bloomberg.

“Continental, also Europe’s second-largest tiremaker, said it’s targeting sales growth this year of almost 9 percent to 37.5 billion euros ($41.4 billion), with the figure surging to 50 billion euros by 2020. The forecast for 2015 compares with the 37.6 billion-euro average of 26 analyst estimates compiled by Bloomberg,” Behrmann reports. “‘We are focusing on the increasing need for mobility and growing demand from our industrial customers,’ Chief Executive Officer Elmar Degenhart said Thursday in a statement. ‘Installation of electronics and software will see continued strong growth.'”

MacDailyNews Take: Better to partner up than to be steamrolled. Right, Google?


  1. Apple is coming out with the watch, everyone is excited. Apple may make a car, everyone wants to work with Apple, people are excited. New retina product coming out, everyone is excited.
    Net result?
    aapl stock keeps tanking daily

    Google does absolutely SFA
    Net result?
    goog stock keeps climbing.

    I am sick of this…..

  2. Maybe I should start saying “I’ll believe it when I see it” regarding the current Car meme in the press.

    But it’s obvious that Apple is getting into at least the automotive business in a deeper way than it has so far!

    Either that or Bots! (I’ll skip the compulsory graphic for today).

  3. It is one thing to decide you are going to DESIGN something and then again a TOTALLY different decision to COMMIT to production.

    I will bet Apple is a long way off for “commit.”

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