FT: Apple in talks with luxury carmaker McLaren (Paywalled)
Matthew Garrahan and Tim Bradshaw in a big scoop for the Financial Times:
Apple has approached McLaren Technology Group, the British supercar engineer and Formula One team owner, about a potential acquisition, in the clearest sign yet that the iPhone maker is seeking to transform the automotive industry.
The California technology group, which has been working on a self-driving electric vehicle for more than two years, is considering a full takeover of McLaren or a strategic investment, according to three people briefed on the negotiations who said talks started several months ago.
This sounds insane. But then again, so did FT’s scoop about Apple buying Beats for $3.2 Billion. Almost everyone I remember went something like, “Why would Apple buy Beats!?”