Apple is reportedly planning to takeover car manufacturer McLaren in what is being touted as the tech company's entry into the automobile industry.
According to a report in the Financial Times, Apple has been working on a self-driving electric vehicle for more than two years, is considering a full takeover of McLaren.
The report goes on to add:
A tie-up with McLaren, whose expertise ranges from automotive engineering and on-board computer systems to novel chassis materials such as carbon fibre and aluminium, could accelerate Appleâ€™s secretive automotive project. Appleâ€™s interest in the Woking-based company centres on its technology, engineering prowess and patent portfolio, said people briefed on the talks.
The report also states that talks began a few months ago but quotes a statement issued by Mclaren, which denied discussions being held.
This follows reports by Bloomberg, that Apple has hired the former head of BlackBerry Ltd.â€™s automotive software division, placing 'increased emphasis' on developing self-driving technology.
The report had stated that Apple had hundreds of engineers working on car design and has been targeting a release as soon as 2020.
Reporting on the latest developments, Wired stated:
The biggest advantage for Apple might be McLaren Applied Technologies, the company McLaren spun off in 2004 to apply F1 know-how to other industries. These folks reduced flight delays at Heathrow, improved health monitoring for stroke victims, and even made a toothpaste factory more efficient. So itâ€™s easy to see McLaren turning all its expertise to Appleâ€™s problemâ€”deploying software into a car.