We have reported recently regarding Apple’s financial power to buy Uber or even Tesla Motors. Apple may be building its own car, partnering with others, or planning to acquire other companies. The company has already invested billions in Didi Chuxing, China’s largest ride sharing company. Reports have also disclosed talks with both Magna International and Linamar, Canada’s two largest automotive suppliers.
The automotive industry is moving in a new direction, toward mobility and away from ownership. This is supported by the fact that Uber is now worth $62 billion, which is more that the market caps of General Motors, Ford, or Fiat-Chrysler. Uber is not yet generating much revenue, but the time is coming. The company was founded in 2009 at a time when the auto industry was facing bankruptcy, and is still considered a new start-up.
Auto companies are getting the clue and beginning to invest in or partner with ride sharing companies. Tech companies are following suit, or maybe it’s the other way around. Either way you look at it, both automakers and the technology industry are jumping on the mobility and self-driving bandwagon.
Google could easily buy out Ford or GM if the company chose to. However, it seems that Google would rather function as a tech provider for the auto companies. Apple could buy any of the Big Three as well. Actually, while it may seem surprising, Apple could acquire Ford, GM, and Fiat-Chrysler in one package, with money to spare.
If Apple wants to move into the automotive/transportation market, its options are nearly unlimited.