Skip to main content

Apple reportedly in talks to buy supercar maker McLaren

apple could buy mclaren news report quotes price 6384 mclaren140918 0022
Updated on 9-21-2016 by Alex Kalogiannis: Updated with McLaren’s official denial of the news as well as a tweet from Financial Times reporter Tim Bradshaw standing by the initial report.

Sources close to Apple recently revealed the tech giant has significantly scaled back Project Titan, a secret division allegedly assigned the Herculean task of designing a car. Now, a new report claims the company is looking to crack open its war chest to invest in British supercar manufacturer and engineering firm McLaren Technology in order to fast-track its way into the auto industry.

Talks are on-going, according to the Financial Times. Apple hasn’t decided whether it’s wiser to buy McLaren outright, or simply make a strategic investment in the small company. Either way, it would gain access to McLaren’s vast expertise in the field of lightweight materials such as carbon fiber and aluminum, as well as to the mechanical and automotive manufacturing knowledge that it all but lacks.

McLaren exclusively builds high-end supercars, and it’s not currently evaluating a downmarket move, but it recently announced plans to make a sizable investment in electrification over the coming years. That means buying the company would also give Apple access to the components needed to manufacture advanced gasoline-electric hybrid and battery-electric drivetrains. There’s no indication that Apple is interested in building a sports car capable of running alongside high-performance Ferrari- and Lamborghini-badged machines, so don’t expect the iMac name to appear on a powerful, race-winning coupe developed at McLaren’s headquarters in Woking.

The McLaren Technology group is broken up into several divisions. It controls 80 percent of McLaren Automotive, the firm responsible for designing cars like the 570S (pictured), the 675LT, and the sold-out P1. McLaren Technology also owns the moderately successful McLaren Formula One racing team, and an engineering arm named McLaren Applied Technologies that dabbles in diverse markets including transportation, healthcare, pharmaceuticals, and energy.

Sources familiar with Apple’s acquisition plans told Financial Times that McLaren Technology is value at between £1 and £1.5 billion, sums that convert to $1.3 and $1.9 billion, respectively, at the current conversion rate. Apple and McLaren have both declined to comment on the report, so it’s too early to tell when and if the acquisition will take place.

Since this news was reported, McLaren is reported to have denied these claims. Digital Trends spoke to a representative at McLaren who responded with “We can confirm that McLaren is not in discussion with Apple in respect of any potential investment.”

That should be official enough to quell the rumor, but Tim Bradshaw from Financial Times has tweeted that the publication stands by the claims made in the initial article.

Seems like a stalemate for now until we hear anything further.

Editors' Recommendations

Ronan Glon
Ronan Glon is an American automotive and tech journalist based in southern France. As a long-time contributor to Digital…
First McLaren Senna to arrive in North America shines like an emerald
First McLaren Senna in North America

Previous

Next

Read more
Less weight and more power make McLaren’s 600LT the perfect track toy
McLaren 600LT

Previous

Next

Read more
McLaren shares its proven recipe for the ultimate supercar
The 2018 McLaren Senna's performance credentials will make your jaw drop
2018 McLaren Senna

McLaren just published its instructions for cooking up what it claims is the ultimate supercar. Named for iconic Formula 1 driver Ayrton Senna, the 2018 McLaren Senna's impressive ingredient list promises an experience to savor on race tracks or public roads.

If you're going to make soup, first choose the pot. In McLaren's view, the best "pot" for the Senna is a carbon fiber Monocage III chassis surrounded by carbon fiber body panels. So right off the bat you know four things: The car will be stiff, strong, relatively light, and light-year level expensive. Any time you add carbon fiber anything to a feature list, you also have to add at least one decimal place to the price.

Read more