New reports come in from high profile outlets connecting Apple with hypercar maker McLaren and self-balancing motorcycle startup Lit Motors.
Apple's car plans are rebooting. The company has reportedly fired dozens of workers from its secret Titan project. Today rumors surfaced that Apple is in acquisition talks with legendary British sports car brand McLaren. The rumor originates from the Financial Times.
Buy Now: Sony PlaysStation VR In Stock Here
The report says Apple wants to do a full takeover of McLaren or a strategic investment, according to three people briefed on the negotiations who said talks started several months ago.
McLaren is losing money and an investment from Apple would help. McLaren has though already reacted to the rumor and says that there is no substance to them. McLaren and Apple are not in takeover talks says the hypercar maker and Formula One Team owner.
The New York Times reports at the same time that Apple is interested in buying Lit Motors. The San Francisco based startup develops a sci-fi motorcycle. The Lit Motors bike is self-balancing. Now this is cool stuff and it makes sense for Apple to pick that up.
McLaren is making super sexy hypercars, but they are old school. If Apple wants a hypercar maker, then they should, as said a couple weeks ago, buy Rimac. 28-year-old Mate Rimac has invented an electric hyper car from scratch. Each part is custom made. The drive train uses four electric motors at the wheels. The All-wheel-drive Rimac Concept One goes from 0 to 60mph in 2.6s. He managed to build that $1 million luxury electric hypercar in Croatia.
Apple sits on a huge pile of cash. The can accelerate their car plans with takeovers. I don't see though what they want with McLaren. They are petrol heads, unless they have secret electric car plans.