Thursday, Sep 29 2016 | Updated at 12:51 PM EDT

Stay Connected With Us F T R

Sep 22, 2016 10:02 AM EDT

Apple Inc. Buying McLaren Automotive, But McLaren Denies Apple Investment Report

Fernando Alonso of Spain driving the McLaren Honda Formula 1 Team.
Fernando Alonso of Spain driving the McLaren Honda Formula 1 Team.
(Photo : Photo by Lars Baron/Getty Images)

Reports surfaced online claiming Apple Inc. is interested in buying the British automotive manufacturer of luxury cars, McLaren. The sports car maker denied that any talks were underway.

A McLaren spokesman stated that they can confirm that McLaren is not in discussion with the Cupertino based tech company in respect of any potential investment. The McLaren spokesman also said that the British carmaker regularly has confidential conversations with a wide range of groups, BBC reported.

Even though McLaren Automotive is small, but it's an important firm, as they are best known for its sports cars. In 2015, McLaren sold about 1,654 road cars, as well as the firm's Formula One team.

As McLaren Technology Group's 5,000 employees work across six different divisions such as racing, marketing, automotive, and as a major supplier for race teams and high-end performance cars. It's worth a look at why the tech giant could be interested in the British carmaker, according to The Verge.

However, it's hard to find the reason on why the tech monster would want control of a Formula 1 team, or what interest them in the supercars built by McLaren Automotive.

Anyway, with McLaren, the Cupertino based company would not only have a firm that has experience building high-performance sports cars, but Apple would also have one of the world's finest automotive design and engineering firms.

A McLaren acquisition would give the tech giant an access to an incredible amount of engineering expertise and experience that would take years to possess.

Karl Brauer, senior analyst of the automotive research company Kelley Blue Book, stated that as McLaren has already tried to build a reputation and an ego that their firm is a futuristic and an advanced car company. Apple and McLaren are going to overlay perfectly with each other, based on the report of Business Insider.

Watch The Video Here:

© 2016 University Herald, All rights reserved. Do not reproduce without permission.

Join the Conversation

Popular In the Community

Get Our FREE Newsletters

Stay Connected With Us F T R

Real Time Analytics