Apple Hairball? Ex-GM CEO Says Building Cars May Not Be Worth It
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Dan Akerson, retired chief executive officer of General Motors Co., said Apple Inc. should steer clear of the business of making cars, though a push into automobile electronics would be a better move for the iPhone maker.
Apple shares rose to a record on Tuesday after people familiar with the matter last week said the Cupertino, California-based technology company is working to develop its own electric car, rocking the automotive industry.