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Apple eyes British supercar maker McLaren

LONDON, September 21, 2016

Apple has approached British Formula One team owner McLaren Technology Group for a strategic investment or a potential buyout, the Financial Times reported, citing sources.

The loss-making automotive group could be valued at between £1 billion ($1.30 billion) and £1.5 billion, the newspaper reported.

A deal with McLaren, which also produces high performance sports cars, could give Apple key automotive technology amid reports that the iPhone maker is working on a self-driving car.

Apple has hired dozens of automotive experts over the past year and is exploring making charging stations for electric cars.

Apple also invested $1 billion in Chinese ride-hailing service Didi Chuxing earlier this year.

Apple and McLaren could not be immediately reached for comment. - Reuters




Tags: Apple | McLaren |

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