Apple eyes McLaren takeover talks

Apple could be on the verge of its long-mooted move into vehicles, after the tech giant approached McLaren Technology Group about a potential acquisition.

McLaren: VCCP created "a black swan" for the supercar maker last year
McLaren: VCCP created "a black swan" for the supercar maker last year

Sources told the Financial Times that Apple is considering both a full takeover of the British engineering company and F1 team owner, and a strategic acquisition – and that talks had been ongoing for several months.

The FT’s sources said McLaren, which is loss-making, would be valued at between £1bn and £1.5bn; a figure in this region would make it Apple’s biggest spend since it bought Beats Electronics for $3.2bn (£2.47bn) in 2014.

Apple’s apparent project to create a car of its own is one of the most heavily discussed in the tech world but, while its development is widely believed to be a reality, no details are known.

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1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).

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