Automotive Rumors: Apple in Talks to Buy McLaren
*Update – McLaren responds ““We can confirm that McLaren is not in discussion with Apple in respect of any potential investment,” McLaren’s terse, one-line official statement reads.”
Then Financial Time responds:
Original Story Below:
McLaren, the makers of the Widow maker, P1 HyperCar, is in talks to be bought out by “California Technology Group,” Apple Inc.
So, a technology company based in Silicon Valley, is buying a major automotive brand for an unclear reason.
Sounds kind of familiar, right TGT fans?
According to Financial Times, it looks like Apple could use it’s $20 Billion war chest (that we know of) to put down a huge investment in the company or just straight up buy the UK based supercar business.
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McLaren is known for making ridiculously fast super cars with the famous McLaren F1 to Jeremy Clarkson’s famous widow maker, McLaren P1. What most people don’t know is that McLaren has turned itself into one of the leading technology companies, specializing in:
- Lightweight Materials
- Motorsport Electronics
- wait for it . . . . . hybrid powertrains
The problem right now is that McLaren is starting to show some losses as recently as two years ago and with a new investor in the nation of Bahrain, this move could be seen as a way to get a return on their investment.
This is where Apple comes in. With the rumors of Apple laying off some of it’s work force from their electric car project, this could be a sign that Apple needs to double down and bring in some real experts, so why not McLaren?