Apple Was In Talks With McLaren, But Never Made A Bid −


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Published on November 22nd, 2016 | by James Ayre

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Apple Was In Talks With McLaren, But Never Made A Bid

November 22nd, 2016 by
 

There were reports earlier this year that tech giant Apple was in discussions to possibly acquire the high-end UK car manufacturer McLaren. That went unconfirmed at the time.

Now, following the recent forced removal of McLaren Technology Group head Ron Dennis (owing to a dispute over a Chinese takeover bid backed by Dennis, the rumors say), the firm’s CEO Mike Flewitt has publicly revealed that there have been a number of interested parties in recent times, including Apple.

mclaren-p1-azure-blue

Apparently, though, Apple never made a bid, but rather simply visited and held talks with execs on the matter.

Flewitt’s exact words (as quoted by Reuters) were: “There wasn’t a bid from Apple. They visited. We talked. We talked about what they did. We talked about what we did. They toured. It never matured to a definitive proposition.”

Even if it had, the company’s shareholders are apparently not interested in reducing their stakes, according to Flewitt — so it may well be that nothing would have come of it.

With the amount of turmoil that’s been reported about Apple’s electric car effort, the lack of a bid shouldn’t be surprising. As we reported previously, the company seems to have completely rethought its plans on the matter and is now focusing on a (probably) much more viable business plan that doesn’t involve building cars. For more on that, see: “Is Apple’s Project Titan On Life Support? Being Totally Revamped?” and “Apple Car Dies.”

Photo by Axion23 (CC BY 2.0 license)


 

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About the Author

's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.



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