According to a report published in the Financial Times, Apple has approached McLaren Technology Group about a potential acquisition. McLaren is known for making cutting-edge supercars for the road and its competitive Formula One team, among other things.

Buying a niche supercar maker seems like a strange move for the world’s largest consumer technology company, but it could say a lot about Apple’s ambitions in the car space.

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The FT says that Apple is considering a “full takeover” of McLaren or a “strategic investment,” citing sources familiar with the negotiations. A significant tie-up between Apple and McLaren would see the former gain access to McLaren’s extensive research into the future of the automotive industry, including work on advanced materials and on-board computer systems.

A major deal is out of the ordinary for Apple, but it makes sense given other rumors we’ve heard about the company’s self-driving car plans, codenamed Project Titan. A recent New York Times report said that Titan was “getting a reboot,” with dozens of engineers laid off.

It would make sense that if Apple became frustrated with the work happening internally, it might turn buying a small but well-reputed car company to purchase expertise.

McLaren Automotive produced revenues of around $585 million last year, which would probably make a full acquisition one of Apple’s most expensive deals to date. In 2014, Apple bought Beats for $3 billion, and last year invested $1 billion into a Chinese ride-hailing service. A McLaren deal would probably be on the same order of magnitude, with the loss-making company reportedly valued around $2 billion.

Update: Following the FT‘s story — for which McLaren and Apple both declined to comment — McLaren has denied any takeover talks to a number of outlets.

However, the New York Times is now reporting that Apple also held acquisition talks with Lit Motors, a maker of electric motorbikes.

Chris Mills has loved tinkering with technology ever since he worked out how to defeat the parental controls on his parents' internet. He's blogged his way through Apple events and SpaceX launches ever since, and still keeps a bizarre fondness for the Palm Pre.