Apple eyes deal with carmaker McLaren

(FILES) This file photo taken on September 14, 2016 shows the Apple logo at the entrance to the Fifth Ave. Apple store September 14, 2016 in New York. Apple shares gave back some of last week's gains September 19, 2016, pushing the Nasdaq into negative territory as the broader market treaded water ahead of a Federal Reserve meeting. Apple fell 1.3 percent, retreating for the second session in a row after surging more than 12 percent just ahead of the launch of the latest iPhones.  / AFP PHOTO / Don EMMERT

(FILES) This file photo taken on September 14, 2016 shows the Apple logo at the entrance to the Fifth Ave. Apple store September 14, 2016 in New York.<br />Apple shares gave back some of last week’s gains September 19, 2016, pushing the Nasdaq into negative territory as the broader market treaded water ahead of a Federal Reserve meeting.<br />Apple fell 1.3 percent, retreating for the second session in a row after surging more than 12 percent just ahead of the launch of the latest iPhones.<br />/ AFP PHOTO / Don EMMERT

US tech giant Apple is in talks with British supercar maker McLaren about a possible acquisition, the Financial Times reported Wednesday.

The Californian iPhone maker is looking at a potential takeover of or investment in the British-based firm, which could be valued at up to £1.5 billion (1.7 billion euros, $1.9 billion), the newspaper said, citing three unnamed sources.

If it went ahead, the move could be seen as part of a bid by Apple to challenge Tesla, the US luxury electric carmaker founded by billionaire entrepreneur Elon Musk.

Apple fuelled speculation about its ambitions in the auto sector this year with a billion-dollar investment in Chinese ride-sharing company Didi Chuxing.

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

Google’s parent company Alphabet and San Francisco-based Uber have both been working on getting self-driving cars on public roads.

McLaren also runs a successful Formula One team.

In this article:
AppleMcLaren


No Comments yet

Related