Apple In Talks to Seek Strategic Stake In Luxury Carmaker McLaren?
The news comes after reports that Apple has hit the brakes on developing a car in-house.
The automotive engineering firm is valued at $1.3 billion to $2 billion, the FT said.
However, McLaren denied that a takeover or investment was currently in the works.
Theres no takeover, no strategic investment, A McLaren spokesperson told Business Insider.
The rumour becomes more interesting due to the drama surrounding Apples interest in cars.
Apple had invested $1 billion in Didi Chuxing, a Chinese ride-hailing company in May.
source: www.techworm.net
