Apple in Talks to Acquire Luxury Carmaker and Formula One Team McLaren
 

http://cdn.macrumors.com/article-new...09/mclaren.jpgApple has approached British luxury carmaker and Formula One team McLaren about a potential acquisition, likely to be valued at between $1.3 billion and $1.9 billion, according to Financial Times.

Apple is reportedly considering a full takeover of McLaren, or a strategic investment in the company, likely in an effort to bolster its widely rumored automotive project. Apple is said to be interested in McLaren's automotive-related tech**logy, engineering prowess, and patent portfolio.

The California tech**logy group, which has been working on a self-driving electric vehicle for more than two years, is considering a full takeover of McLaren or a strategic investment, according to three people briefed on the negotiations who said talks started several months ago.

A tie-up with McLaren, whose expertise ranges from automotive engineering and on-board computer systems to **vel chassis materials such as carbon fibre and aluminium, could accelerate Apple?s secretive automotive project. Apple and McLaren declined to comment.

McLaren, headquartered in Woking, Surrey, manufactures high-performance sports cars, including the P1 and F1 models commonly used for racing. The carmaker produced just 1,654 vehicles last year, some costing as much as $1 million apiece. The carmaker has a Formula One team itself that competes under the name McLaren Honda.

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Tags: ft.com, McLaren

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