Hyperdrive
Apple Car Would Be Welcomed by Parts Maker Pivoting to EVs
- Continental’s Vitesco unit bets on growing electric-car sales
- Powertrain business on solid financial footing for shift: CEO
Photographer: Armin Weigel/Getty Images
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Apple Inc. entering the electric-car race could be a boon to Continental AG’s Vitesco Technologies powertrain unit as it attempts a wrenching transition away from internal combustion engines.
Reports that Apple is working on a self-driving EV have ignited speculation about how the technology giant would pursue such a plan. Talks with carmakers including Hyundai Motor Co. have fizzled, perhaps due to reluctance to aid a disruptive new rival. But for automotive suppliers eager to unlock fresh revenue streams, it would be much-needed business.