A current trend in the car industry is for new entrants such as Fisker to hand over the complicated and capital-intensive work of engineering and building vehicles to a contract manufacturer. Increasingly, cars are judged on their software and electronics so why bother wasting time and money on construction?
If Apple is indeed 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 is at least one big contract manufacturer ready to take advantage of these seismic industry changes: Canada's Magna International Inc.
"If Apple is serious about building a car ... Magna Steyr should build it," says Evercore ISI analyst Chris McNally.
Even if Apple does not deal with Magna, the supplier is already advising tech groups and start-ups looking to enter the automotive business, and investors have taken notice. Magna's shares have almost trebled since March, giving it a $21 billion market value.