Apple Is Planning To Buy A Carmaker Company; Could This Give Us A Clue Of What Their Next Project Is?

Apple approached the McLaren Technology Group. Apparently, according to Financial times, the leader in smartphone technology is planning to buy the British automotive manufacturer.

Apple is said to me more interested in making a large investment on the automotive manufacturer rather than an outright acquisition.

"There's no takeover, no strategic investment," representative of McLaren confirmed.

McLaren, maker of supercars, runs a British Formula 1 racing team. It also does research on data collection, data analysis, and manufacturing processes.

McLaren makes limited cars that costs around $1 million and up. According to Financial Times, the company has made over 1,600 cars only last year

McLaren Technology Group is approximately £1 billion ($1.3 billion) to £1.5 billion, according to the report.

When F1 was sold at $8.5 billion to Liberty Media, McLaren lost £22.6 million revenue out of £265 million in 2014.

Though McLaren is not profitable, Financial Times pointed out that their expertise could provide insights to Apple's dream of developing a car.

McLaren is a leader in dealing with novel automotive materials such as carbon-fibre and aluminum which is a favourite of Jon Ive, Apple's lead designer.

Apple has a famous car department under the name of Project Titan.

It has been said that Apple is working on an automotive project. The vehicle is said to be an electric car, self-driving car, or even a minivan. The project is rumoured to have started on February 2015.

Apple is reported to have hired a complete automotive team - a number of automotive engineers and designers. The team has a facility far from its Cupertino, California headquarters. The reason being the loud noises produced in dealing with car technology.

Recently however, it was reported that Apple has let go of its automotive team and is instead looking to partner with a company in order to build a car that will rival electric car companies.

Financial Times further confirms that McLaren will be Apple's largest acquisition after it purchase of Beats, the headphone company for $3.2 billion in 2014.

Apple's purchase of Beats aided them in building their own wireless headphones - the Airpods, as launched earlier.

McLaren is said to provide the same expertise to Apple in the automotive industry.

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