Reports that tech giant Apple is in takeover talks with McLaren are wide of the mark according to McLaren2016-09-22 06:30
A McLaren spokesperson has denied reports that the British supercar brand is in talks with Apple over a potential takeover. "We are not in discussion with Apple in respect of any potential investment", he said.
Earlier online reports had suggested that Apple was looking at placing a bold takeover bid for British supercar maker McLaren. The global tech giant was apparently considering a “full takeover” or a “strategic investment” of McLaren and its subsidiaries – in a story attributed to several people close to the British brand.
The makers of iPhone, MacBook and iPad have been working on a self-driving electric car for a number of years, but was recently said to be scaling back on research and development in this area.
In recent months Apple has lost several key employees, many of which were said to have been working closely on the EV project. Online speculation since their departure has hinted at Apple changing tack by focussing its efforts on the internal systems required to power and run an autonomous car, rather than manufacturing the vehicle outright.
Earlier this year, Apple hired ex-Tesla exec Chris Porritt to oversee its ‘special projects’ division. This was presumed to include the forthcoming Apple Car, though news and rumours of ‘Project Titan’ have since died down. Apple was also rumoured to be in talks with BMW and Mercedes, but this is the first mention of McLaren. Apple could be looking to the British-based engineers for expertise in everything from lightweight materials, to computer technology and electric motors.
Apple’s vision for a self-driving electric vehicle is – of course – at odds with McLaren’s driver focused supercars. However, the bid was said to include McLaren’s Applied Technologies Group, which supplies extensive electronics expertise to the brand’s Formula 1 team, as well as elsewhere in high-level motorsport.
The denial from McLaren does not mean that talks have never taken place but we'll update this story with further information as soon as it becomes available.
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