Stock

: Nissan Says Out Of Talks To Make Apple's Autonomous Automotive: Report

Nissan Motor Co. said Sunday it was not in talks with Apple Inc. to develop an autonomous electric car, Reuters reported.

Previously, the Financial Times reported that Apple had initiated brief, low-level talks that ended over the Japanese automaker's reluctance to manufacture Apple-branded cars.

"We are not in talks with Apple," said a Nissan spokeswoman, according to Reuters. "However, Nissan is always open to collaborations and partnerships to accelerate the transformation of the industry."

Nissan stocks
7201,
-2.84%
fell 3% in Tokyo trade.

Apple
AAPL,
+ 0.18%
is to work with an automaker to bring a self-driving electric car to market as early as 2024.

Last week, the South Korean Hyundai Motor Co.
005380,
+ 1.02%
said it was no longer in talks with Apple after negotiations became known in January.

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