Supercar maker McLaren denies acquisition talks with Apple

Supercar maker McLaren denies acquisition talks with Apple : The Britain automobile company McLaren has denied the rumor about Apple doing any sort of investment in their company. The official of “Mclaren” has told media to wing that.” we would like to confirm one thing that McLaren is not in talk with Apple for any investment business.”


Although, according to one of the leading daily of Britain, three unnamed person claimed that Apple is looking to looking at a potential takeover of McLaren or giant teach company is looking to invest a huge amount in McLaren, which is estimated to be around 1.5 billion (1.7 billion euros, USD 1.9 billion).

Also, Apple has not cleared these rumors as their spokesperson told media wing that ” Apple would not like to comment on such speculations.”

According to the experts, Apple is looking to come into the automobile sector to challenge the Us luxury carmaker, Tesla. As per reports, shares of Apple were got down by 0.77 percent since Tesla’s opening in New York, standing at USD 112.70.

Jasper Lawler, a market analyst at CMC Markets in London, provide some light on Apple’s strategy. He informed media wing ” Apple would like to own McLaren to give a substantial competition to Tesla by stepping their foot into the automobile industry. And, if Apple will succeed in their plan, then Tesla will have to rework on their market strategy to deal with the new competitor.”

Earlier this year, Apple hinted to enter the automobile industry and according to The New York Times, Apple ist Apple was reexamining its methodology, retiring parts of its Titan self-driving autos venture. The companies like Alphabet and Uber are putting their every shot to bring the self-driving car on the roads.

Even, Uber has already tested self-driving taxis last week in Pittsburgh, Pennsylvania. Meanwhile, if Apple will succeed to get the investment in McLaren will get them recognition at the world level in the automobile industry as McLaren is running a successful Formula One team.