Discussions suggest that Apple might soon buy some of McLaren’s aspects thereby supplementing the Apple Car project.
McLaren Technology Group, the division renowned for hand-crafted luxury high-performance sports cars is being considered by Apple.
The company built 1654 vehicles in 2015. Resulting in making a crisp sum of £450m ($585 million) in revenue from the sales. McLaren is particularly known for custom luxury sports car builds. It generates designs for its own Formula One racing team through an advanced technologies group.
The Financial Times is claiming quite confidently that Apple started negotiations to purchase McLaren. Prices Ranging between £1 billion and £1.5 billion ($1.3 billion to $2 billion). As mentioned by testimonials from “three people briefed on the negotiations”. These discussions by informants have been going on for a few months now.
The headquarters of McLaren Automotive in the McLaren Production Centre at the McLaren Technology Campus In Working in Surrey. Specialities of its products include the fact that they are all hand built, with little or no automation involved in the process.
It was first rumored back in early 2015 that Apple initiated a project named ‘Project Titan’. Not much later, it was discovered that the automotive project was being run in Sunnyvale, Calif out of a top-secret facility. The team was once said to number above 1,000 including not only specialists poached from automotive industry heavyweights, but also workers pulled in from other departments.
As the sources have informed, In early September, Apple laid off dozens of workers from the unannounced Apple Car project. The reason is said to be a change of entire objective from a whole-car approach. To a more specific software and control focus.
However, It remains mysteriously unclear if Apple is to buy the entire group or just the automotive division from the group.