McLaren refutes talks with Apple regarding takeover

McLaren refutes talks with Apple regarding takeover image

Text: Anton Andres / Photos: | posted September 22, 2016 13:54

Reported takeover was to push development of self-driven cars

Earlier today, reports broke out that electronics giant Apple was taking over McLaren in a bid to push the development of self-driving vehicles. The supercar manufacturer responded to the claims in an official statement, saying there are “No discussions” taking place between them and Apple.

In an official statement by McLaren, the manufacturer said, “We can confirm that McLaren is not in discussion with Apple in respect of any potential investment”. The McLaren-Apple bid was initially reported by The Financial Times, citing three unnamed sources. International auto industry executives do suggest that Apple will instead be acquiring in the Saudi firm that owns a significant stake in McLaren.

Apple themselves have been developing autonomous cars for a few years now. Dubbed Project Titan, Apple's attempt at self-driven cars has been linked to Tesla since the company is constantly developing semi-autonomous tech for its cars. The American electric automaker has since denied the claim with Elon Musk, CEO of Tesla Motors, saying that it is highly unlikely for them to do a collaboration with Apple.

For Project Titan, Apple has pirated Steve Zadesky, formerly an engineer at Ford Motor Company, as Vice President for Product Design and is said to be heading the project. Another former motoring executive with Mercedes-Benz, Johann Jungwirth is also now with Apple along with Ford 021C designer Marc Newson.

Apple has yet to release an official statement denying talks with McLaren.