BMW and Daimler put the brakes on Apple Car deal

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The BMW i3 was a crowd pleaser at CES 2014.
The BMW i3 was a crowd pleaser at CES 2014.
Photo: BMW

Talks between Apple and German carmakers Daimler and BMW have fallen apart, after Apple sought to strike a deal with the companies for its electric car project. 

BMW and Apple have been rumored to be talking about a partnership for nearly a year now. Apple supposedly wanted to use BMW’s i3 carbon fiber body as the basis for its car but it appears that the company will have to go solo for now. 

Panama Papers: Apple supplier denies evading $22 billion in taxes

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money
Foxconn denies evading its taxes.
Photo: Ste Smith/Cult of Mac

The “Panama Papers” leak of 11.5 million documents from ultra-secretive Panamanian law firm Mossack Fonseca has already named and shamed heads of state, government officials, business owners and celebrities who reportedly evaded tax thanks to the scheme.

But one name which hasn’t been talked about too much is Apple supplier Foxconn, which is accused of evading taxes of up to a massive $22.86 billion via investments in Panama — although the company denies that this is the case.

Apple suppliers battle it out over iPhone’s AMOLED displays

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iPhone 6s
The battle to build AMOLED iPhone displays is on!
Photo: Ste Smith/Cult of Mac

Two Apple partners, Foxconn and Samsung, are battling it out to provide Apple with next-gen displays for future iPhones.

Samsung, a leader in OLED display research and AMOLED production, is reportedly “on the fast track” to building a dedicated facility with the sole purpose of supplying the high-quality displays to Apple.

Foxconn, meanwhile, recently acquired money-losing display maker Sharp, with the main impetus being to help Foxconn become a market leader in AMOLED panel production.

Foxconn confirms $3.5 billion takeover of iPhone display maker

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iPhone rain by Dariusz-Sankowski
Among other things, Sharp builds iPhone displays.
Photo: Dariusz Sanksowski/Pixabay. Licensed via CC0 1.0.

Foxconn is cementing its importance to Apple by finalizing a deal to acquire a majority interest in struggling iPhone display maker Sharp for a reported 389 billion yen — or $3.5 billion.

The multi-billion dollar bailout of Sharp was originally reported as being completed back in February, only to be placed on hold after previously undisclosed liabilities threatened the deal.