Apple has been linked with a shock £1.5bn deal to buy McLaren Technology Group, the Formula One team owner and supercar maker. The California-based company’s interest in McLaren Technology Group highlights its ambition to develop technology that could be used in an electric and driverless car. Apple has approached McLaren about a takeover but could also make a strategic investment in the company, the Financial Timesreported. McLaren Technology Group’s last financial results show the company recorded sales of £266m in 2014 and a pre-tax loss of £23m. Kelley Blue Book, the US automotive research group, said McLaren’s cars were popular in Silicon Valley.

Source: The Guardian September 21, 2016 16:21 UTC