The Financial Times: ‘Apple in Talks on McLaren Supercars Takeover’

Matthew Garrahan and Tim Bradshaw, reporting for The Financial Times:

Apple has approached McLaren Technology Group, the British supercar engineer and Formula One team owner, about a potential acquisition, in the clearest sign yet that the iPhone maker is seeking to transform the automotive industry.

The California technology group, which has been working on a self-driving electric vehicle for more than two years, is considering a full takeover of McLaren or a strategic investment, according to three people briefed on the negotiations who said talks started several months ago.

Whether this goes through or not, one thing I’ve been thinking is that if Apple does do a car, it ought to be a beautiful car. McLaren makes drop-dead gorgeous cars.

Benjamin Zhang, Business Insider:

On Wednesday, the Financial Times reported that Apple has approached McLaren over a potential takeover or strategic investment. McLaren has officially denied that anything is happening.

“There’s no takeover, no strategic investment,” a McLaren spokesperson told Business Insider. “It’s completely untrue.”

Tim Bradshaw:

Obviously we stand by our story despite McLaren’s statement.

Wednesday, 21 September 2016