Germany's Continental AG would be interested in acting as partner for technology giant Apple AAPL should the U.S. company decide to build a car, Chief Executive Elmar Degenhart said.
"Apple has an excellent reputation on information and communication systems and has incredible financial strength," the CEO said on Thursday during an earnings call.
Separately, Degenhart was skeptical on prospects for battery-powered cars, saying Continental's electric-car operations may fail to make money "at least in the next three to four years."
The company remains on the lookout for potential acquisitions, though another major takeover is not on the cards in coming months, the CEO said.
Apple shares dropped 24 cents at Thursday's opening bell to $128.30 U.S., in the upper end of a 52-week trading range of $73.05 to $133.60 U.S.
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