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Hyundai, Kia Deny Rumors That They're In Talks To Make Apple Cars

Investors who were hoping for a deal in the near future are pretty unhappy.

Hyundai, Kia Deny Rumors That They're In Talks To Make Apple Cars
David Zalubowski / AP
SMS

Investors reacted poorly to Hyundai and Kia this morning after the South Korean automakers said they were not talking with Apple to develop a car.

Many investors had believed the two companies were nearing a deal after weeks of speculation and local news reports. Apple has not commented.