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Monday, November 21, 2016

McLaren Confirms It Did Hold Talks With Apple

#McLaren has revealed that it did indeed have discussions with technology giant Apple about a partnership but that no bid was made.

Back in September, the motoring world went into overdrive when it was suggested that Apple was pondering a takeover of McLaren Applied Technologies in the midst of drastic changes to Apple’s car project.

However, while speaking with Reuters, McLaren chief executive Mike Flewitt said no bid was put on the table although talks were indeed held.

“There wasn't a bid from Apple. They visited. We talked. We talked about what they did. We talked about what we did. They toured. It never matured to a definitive proposition,” he confirmed.

Flewitt did say that numerous bids were made to take over the British brand but that they were all turned down.

Although McLaren Automotive only started producing cars in 2011, the company now has some of the finest sports cars and supercars in its repertoire, cementing itself as a true rival to Ferrari and Lamborghini. According to reports, it has a value of between $1.3-1.95 billion so it’s not at all surprising larger companies have been eager to snap up the brand for a bargain price.


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