By Euro Weekly News Media • 03 December 2016 • 18:00
MCLAREN 650S: Doing alright for itself.
DETAILS are finally beginning to emerge of the secretive talks between motoring giant McLaren and Silicon Valley tech monstrosity Apple, they of the ubiquitous iPhone and iPad.
In September there was speculation that Apple would take over the McLaren consortium in its entirety, placing the Formula One team and car business under its control.
Senior executive Mike Flewitt has confirmed that talks did indeed take place but no offer was made, despite it making sense for a financially troubled McLaren and ever expanding Apple.
There have been bids on the table for McLaren but the majority of shareholders are against selling just yet.
Chinese and Arab investment groups are the most likely candidates.
McLaren’s F1 business has suffered tremendously with its finances and seen major sponsors pull out, although the car dealing side of the consortium is doing quite well.
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