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Apple interested in McLaren buyout
It has been reported US technology giant Apple has signalled its interest in acquiring the McLaren Technology Group with the company estimated to be valued between £1bn and £1.5bn. Reports published in the Financial Times newspaper have signalled Apple's intention to step into the automotive industry with the British supercar maker and Formula 1 team which could see a takeover or financial investment. In 2015, McLaren changed its registered name from the McLaren Group to the McLaren Technology Group to bring it into line with its diversifying involvements with Ron Dennis named as Chairman and Chief Executive Officer. Apple has been developing a self-driving electric car but it is not...
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