Apple has been linked with a potential investment into or a takeover of McLaren, according to the Financial Times – but the car firm and Formula 1 team have come out to deny the rumours.
Apple, one of the biggest technological companies in the world, have been in negotiations with McLaren for several months, according to three people involved with the company, with both a full takeover or a strategic investment possible.
It is likely that the Californian-based company would be interested in the automotive engineering side of the Woking-based company, with Apple themselves involved in developing a self-driving car in the past couple of years, and it is believed any deal would be used to increase Apple’s standing in the automotive world.
However, the McLaren Technology Group has issued a statement denying the rumours, saying that any potential investment from any party would be discussed in private and not through the press.
“We can confirm McLaren is not in discussion with Apple in respect of any potential investment,” read the statement.
“As you would expect, the nature of our brand means we regularly have confidential conversations with a wide range of parties, but we keep them confidential.”