Lucid Motors, Fisker and the new vehicle firms

[oladub]

Hyundai in talks with Apple to produce 'Apple Car'

Once upon a time, the new rich industrialists, overtook the old rich land baron aristocracy. I think this is happening again. This time the new rich are the high tech billionaires who are mounting a challenge to the old rich industrialists. New rich technology companies like Apple have a large amount of disposable income and the tech savvy to surpass staid older generation manufacturers. In this case, Apple is teaming up with an Asian car manufacturer to cash in on cheaper foreign sub-assembly labor but doing final assembly in the U.S.. No legacy costs either.