Apple linked with McLaren takeover

Allan Goodman
September 22, 2016

The Financial Times reported today the tech giant had approached McLaren Technology Group about either an acquisition or to take a strategic investment in the company.

Many analysts have speculated that Apple would buy Tesla Motors Inc., deemed a good fit because it sells electric cars with self-driving capabilities.

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A McLaren deal would probably be on the same order of magnitude, with the loss-making company reportedly valued around $2 billion. It would seem that an investment from Apple would further the company's goals to make its own vehicle, which have been rumored since 2015.

Apple is reportedly mulling a takeover of McLaren Technology Group, owner of the Formula One racing team. The auto company is known for its high-end products, with an "entry-level" vehicle starting at more than $200,000, and its Formula One racing team.

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He's running with the ball. "Beforehand I said to the boys, "If we go all out and they play five per cent less then we can win". But I am full of trust with him because I know the player he is. "Pogba seems to be a little all over the place at times".

With an Apple Car project well underway within the secret confines of Apple HQ, the company has made a series of automotive acquisitions and hires in recent years.

The New York Times reported earlier this month that the company was rethinking its strategy, mothballing parts of its Titan self-driving cars project.

Whether or not there's any truth to the news, a strategic investment or acquisition of a smaller vehicle company would make plenty of sense for Apple, which has been moving forward with its own secretive self-driving-car division, code-named Project Titan, under the leadership of longtime exec Bob Mansfield.

A spokesman for Apple and representatives of McLaren didn't immediately respond to requests for comment.

Supercar maker McLaren may be falling into Apple's basket, according to a new report. Apple was also rumoured to be in talks with BMW and Mercedes, but this is the first mention of McLaren. Its Applied Technologies Group supplies electronics to everyone from Formula One to NASCAR, and it has done extensive work on data center optimization.

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