AAPL - Renault teed up as potential auto partner for Apple

Renault (RNSDF) is on watch after JPMorgan speculates that the automaker could be a good fit for Apple (AAPL). "We think that adding Apple to the already established and successful Renault Nissan alliance could be of interest to the Renault-Nissan alliance and particularly Renault. We think there are fundamentally a few reasons why Renault would be an attractive partner for Apple: 1. Renault has an excellent track record in contract manufacturing and industrial collaboration... 2. Renault has >1 million units of excess capacity in Europe which clearly could be utilized with Apple coming on board; 3. Renault most likely would allow Apple to have significant flexibility in choosing the specific supply chain for the project vs other Global OEMs more keen to sell a specific dedicated architecture to Apple, which in turn could limit Apple's software design of the car; 4. the Renault Nissan Mitsubishi alliance would also provide a

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Renault teed up as potential auto partner for Apple