If Apple really is interested in acquiring a stake in McLaren, industry analysts would describe it as a “strange move” that wouldn’t give Apple much “manufacturing scale or know-how about mass-produced cars.”
Competition in the automotive market has long been intense. But the connected car boom is shifting the power dynamic.
Not long after Uber reported a loss of more than $1.2 billion in the first half of the year, the company takes the lead in the autonomous car race by ferrying passengers through Pittsburgh.
“No individual company is going to program these vehicles with a set of ethics that isn’t bought into by society at large,” said Bill Ford.
The two companies have been making a case that their new electric cars will be the better option.
The automaker also announced it will collaborate with bike-sharing collaborative Motivate in San Francisco.
Volkswagen continues to shift gears while cleaning up its emissions-cheating scandal, now with a potential electric venture and more than $4.5 billion in investment in China.
Consumer acceptance lags behind technology, so there's some catching up to do.
More than 200 companies are battling for a share of the electric-car market in China. Government technology restrictions could whittle that number to 10.
A partnership with a technology company has taken on added importance for CEO Sergio Marchionne after his efforts to merge with General Motors Co. were rebuffed.