LAST week, Internet speculation suggested technology giant Apple was planning a bold takeover bid for supercar maker McLaren. But hours after the rumours started, a McLaren spokesperson quashed them, telling Auto Express: “We are not in discussion with Apple in respect of any potential investment.” Online reports had suggested Apple was considering a “full takeover” or a “strategic investment” of McLaren and its subsidiaries.
The iPhone maker has been readying a self-driving electric car for several years, but was thought to be scaling back on R&D of late. In recent months Apple has lost several key employees, many of whom were said to have been working on the EV project. Since their departure, stories had hinted at Apple changing tack by focusing on the systems required to power and run an autonomous car, rather than manufacturing it outright.