The contractor that may benefit if Apple decides to build a car

Magna is already advising tech groups and start-ups looking to enter the car business

“If Apple is serious about building a car … Magna Steyr should build it,” says Evercore analyst Chris McNally. Picture: Yui Mok/PA Wire

If Apple is seriously considering launching its own vehicle, as press reports suggest, then it will almost certainly decide to outsource, as it does with the iPhone. Apple designs the phone and its operating system but employs Foxconn to assemble components into a handset.

There’s at least one big contract manufacturer ready to take advantage of these seismic industry changes: Canada’s Magna International.