Apple Is Reportedly In Talks To Buy British Racing Carmaker McLaren

The loss-making automotive group could be valued at between 1 billion pounds ( 1.30 billion) and 1.5 billion pounds, the newspaper reported. A deal with McLaren, which also produces high performance sports cars, could give Apple key automotive technology amid reports that the iPhone maker is working on a self-driving car. Apple has hired dozens of automotive experts over the past year and is exploring making charging stations for electric cars. Apple also invested 1 billion in Chinese ride-hailing service Didi Chuxing earlier this year. Apple and McLaren could not be immediately reached for comment.