Apple, McLaren have been discussing a potential acquisition for months -- or not?

By Jos · 6 replies
Sep 21, 2016
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  1. Rumors have been circling for years that Apple is working on an electric car, and has considered a partnership or outright acquiring an established player in the automotive industry. According to a new report from the Financial Times, that strategic partner could be none other than McLaren Technology Group, the supercar maker known for tis Formula 1 racing team.

    Update: McLaren has officially denied any takeover claims or strategic partnerships. Tim Bradshaw, one of the reporters behind the FT’s initial story, says that the paper stands by the original report.

    The talks are said to have been in progress for several months and could lead to an acquisition valued between $1.3 and $2 billion, although Apple is also considering the idea of a strategic investment as another option.

    It's not certain what Apple's exact strategy would be with this deal. While McLaren is well-known in the world of supercars and Formula One, it’s not a mass market company -- it reported $617 million in revenue for the entire year of 2015. Its road cars division that started less than a decade ago, and an 'entry level' model like the 570S starts at just shy of $200,000.

    Apple could be eyeing McLaren for its engineering talent, technology and patents.

    Apple has hired several high-profile tech and auto industry veterans over the past months. It also brought back former executive Bob Mansfield to run the secretive car project, and recently reports emerged claiming the team’s focus had shifted from building an electric/autonomous car to developing the underlying technology for self-driving vehicles.

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    Last edited by a moderator: Sep 21, 2016
  2. VitalyT

    VitalyT Russ-Puss Posts: 3,671   +1,961

    Holy Vahana, save us from the Apple F1 abomination!
    wastedkill and p51d007 like this.
  3. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,274

    Now it seems clear why Jenson Button is taking a sabbatical & Fernando Alonso can't wait for his contract to be up.
  4. Hasbean

    Hasbean TS Booster Posts: 112   +29

    How are they going to change the tires?
  5. Uncle Al

    Uncle Al TS Evangelist Posts: 3,362   +2,007

    So, will we get an iPhone that can do zero to 60 in 2.1 seconds ...... or maybe a car that the government can't crack???? ..... oh wait, that's old news on the government .... better link them to Samsung .... exploding sports cars sounds a lot more news worthy!
    Reehahs likes this.
  6. Greg S

    Greg S TechSpot Staff Posts: 1,075   +428

    They'll just find a supplier to do it for them.
    wastedkill and Reehahs like this.
  7. BrianMontanye

    BrianMontanye TS Booster Posts: 62   +36

    I'm sure there will be an adapter for it.
    wastedkill and Reehahs like this.

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