Supercar Company Denies Apple Might Buy It

"We can confirm that McLaren is not in discussion with Apple in respect of any potential investment," a McLaren spokesman said. "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." The Financial Times newspaper, citing three sources it said had been briefed on negotiations, had reported that Apple had made an approach for a strategic investment or a potential buyout. It reported that the automotive group could be valued at between 1 billion pounds ( 1.3 billion) and 1.5 billion pounds. Reports have suggested that Apple, which had no immediate response to the Financial Times story, is working on a self-driving car.