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McLaren CEO says Apple takeover talks happened but didn't go anywhere

Back in September, we reported that Apple was in talks to buy McLaren, as per a report in the Financial Times. A McLaren spokesperson flatly denied the rumor at the time, but it turns out that perhaps the truth of the matter is a little more complex than that denial encompassed. In an interview with Reuters, McLaren's acting CEO Mike Flewitt confirmed that there were talks with Apple, but that they never reached the stage where Apple made a bid. "There wasn't a bid from Apple," Flewitt told Reuters. "They visited. We talked. We talked about what they did. We talked about what we did. They toured. It never matured to a definitive proposition." Even if Apple had made a bid, it seems like the people who run McLaren might not have been in the mood to take it. As you might remember, long-time CEO Ron Dennis was ousted recently from his position after a 35-year run. A BBC report made it sound like the dismissal had to do with management style, but Sky News reports that it was Dennis's backing of a Chinese takeover bid that precipitated his departure. Apparently the stockholders weren't keen on selling, whether to a Chinese consortium or anybody else, and so Dennis got the boot. It's not as if Dennis will be completely uninvolved from this point forward. The man still has a 25 percent stake in the company, and will remain on the board of directors of both the McLaren Technology Group as well as McLaren automotive itself. In other news, Zak Brown, a former racing driver and sports marketing executive, has decided to take Dennis's vacated position, reports Sky News. Related Video: News Source: Reuters, Sky NewsImage Credit: Mark Thompson/Getty Images McLaren Racing Vehicles Special and Limited Editions Performance mclaren automotive

British automakers take costly precautions as Brexit 'no deal' fears grow

LONDON — Carmakers in Britain have triggered some Brexit contingency plans, such as certifying models in the EU, and are working on redrawing production schedules and stockpiling more parts to defend against any loss of unfettered trade after Brexit. The moves are aimed at ensuring plants, which rely on the just-in-time delivery of tens of thousands of components, can keep operating after Brexit on March 29, but will add costs and bureaucracy which could risk their long-term viability. London and Brussels hope to agree a deal by the end of the year to avoid tariffs and trade barriers, but Prime Minister Theresa May's proposals have been criticized by both Brexiteers, who want a cleaner break from the bloc, and the European Union. McLaren Automotive is looking at having its cars certified by both a British and an EU agency to smooth sales. It is also planning to stockpile critical components and change shipments into the EU around Brexit if there is disruption. "I will sell a little more in January and February and plan to pick the volume up in May and give us a leaner period through the change point," Chief Executive Mike Flewitt told Reuters. BMW, which said last week it would move the annual summer-time shutdown of its British Mini plant next year to April, is looking for lorry parking areas and warehousing on both sides of the channel and is seeking to sign contracts to lease certain locations, a spokesman said. It is also investing in IT systems to handle any new red tape as carmakers estimate tens of thousands of new documents could be needed if tariffs and customs are imposed. The German carmaker's Brexit plans are costing millions of pounds, a source familiar with the matter told Reuters. But Honda, which builds 10 percent of Britain's 1.67 million cars at its Swindon plant in southern England, is not in the market to buy "huge amounts of warehousing space," its Europe boss Ian Howells told Reuters. "It's been a very precise calculation or estimation of what components need to be brought in," he said, adding the firm could also alter its output to sell more into the EU at the start of next year. Waste of money? Many British carmakers have also asked suppliers to look into how they would handle delays at ports, executives told Reuters, as thousands of parts, engines and finished models move between Britain and the continent every day.

McLaren F1 GTR Longtail sells at Gooding for $5.28 million

Last month we reported on a very rare McLaren being put up for auction under the auspices of Gooding & Company. One of only 106 examples of the McLaren F1 ever made, one of only 28 made in GTR competition spec, and one of just ten longtail versions, chassis number 021R won FIA GT Championship races in Germany and Finland, making it one of the most successful F1 GTRs ever campaigned and earning its place in the pantheon of McLaren lore. With original livery in immaculate condition, this rare McLaren F1 GTR Longtail sold this weekend in Scottsdale, Arizona, for $5.28 million. Which may seem like a lot of money – and by any account, it surely is – but comes in at the low end of the pre-sale estimates that placed its value at between $5 and $7 million. To put that into proper McLaren perspective, consider that the same amount could buy you a full grid of ten 12C Can-Ams, five examples of the new McLaren P1, or probably get McLaren to build you your own custom creation like the X1. Check out the live images from the scene in the gallery above. Featured Gallery 1997 McLaren F1 GTR Longtail View 28 Photos Image Credit: Copyright 2014 Drew Phillips / AOL McLaren Auctions Coupe Racing Vehicles mclaren f1 gtr