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Apple Car expected to shake up auto industry in Asia and world

An 'iPhone business model' would change traditional vertical integration

BEIJING -- Global information technology leader Apple is highly likely to break into the automobile sector. The American company is reportedly planning to create self-driving electric vehicles manufactured by an automaker under a tie-up agreement using a business model similar to its iPhone production.

A potential Apple Car, if realized, is thought certain to affect the competitive landscape of the auto industry. 

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