A report in Associated Press suggests that the two chiefs have set up meetings to outline a car that would integrate Apple's technology.
Both companies have a history of working to integrate computers and media players into cars.
Aside from partnering with Apple to support the iPod, Volkswagen has publicly shown an interest in embedding ultra-mobile PCs inside its vehicles.
Although embedded in-car systems would form a new market for Apple, the company has shown a willingness to expand into uncharted territory over the past year.
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The ICO is concerned with AggregateIQ's retention and processing of data used in the Brexit referendum