Advertisement
trendingNowenglish1932039https://zeenews.india.com/sports/motorsports/technology-giant-apple-approaches-british-supercar-maker-mclaren-for-takeover_1932039.html

Technology giant Apple approaches British supercar maker McLaren for takeover

Apple also invested $1 billion in Chinese ride-hailing service Didi Chuxing earlier this year.

Technology giant Apple approaches British supercar maker McLaren for takeover

New Delhi: Apple Inc has approached British Formula One team owner McLaren Technology Group for a strategic investment or a potential buyout, the Financial Times reported, citing sources.

The loss-making automotive group could be valued at between 1 billion pounds ($1.30 billion) and 1.5 billion pounds, the newspaper reported. (http://on.ft.com/2cUU1ax)

A deal with McLaren, which also produces high performance sports cars, could give Apple key automotive technology amid reports that the iPhone maker is working on a self-driving car.

Apple has hired dozens of automotive experts over the past year and is exploring making charging stations for electric cars.

Apple also invested $1 billion in Chinese ride-hailing service Didi Chuxing earlier this year.

Apple and McLaren could not be immediately reached for comment.

($1 = 0.7714 pounds)

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK