Continental Wants To Partner With Apple Inc. For Building Car

Continental Wants To Partner With Apple Inc. For Building Car
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Continental AG, a German automotive manufacturing company is willing to partner with Apple once it decides to build a car.

During the company’s earnings call on Thursday, Continental CEO Elmar Degenhart said, “Apple has an excellent reputation on information and communication systems. It has incredible financial strength. We would be interested,” to act as partner once the tech giant decides to manufacture a car.

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Continental specializes in automotive safety, brakes system, chassis components, vehicle electronics, powertrain, and tires. The company started as a rubber manufacturer in 1871.

The German automotive manufacturing company is also involved in the electric car business, but Degenhart offered a bearish outlook over the near-term. According to him, its electric car operations may not be profitable at least in the next three to four years.

BMW recently not working with Apple to build a car

Bayerische Motoren Werke AG, another German automaker was speculated to be in discussions with Apple on the possibility of working together on a car. The speculation was based on a statement by a BM