Daimler and Aston Martin expand their partnership for electrical components

Aston Martin is going through some bigger changes. End of 2012 London-based investment firm Investindustrial bought a 37.5 percent stake in the company.

Last December Aston Martin and Mercedes-AMG signed a technical partnership agreement that will see Mercedes-AMG build a new bespoke V8 engine for next generation Aston Martin models.

Two companies are now expanding their partnership with AMG to supply Aston Martin with electric and electronic parts.

In return Daimler, the third biggest makes of luxury cars will receive another 1 percent stake in Aston Martin, raising its stake to a total 5 percent.

Reportedly Daimler and Aston Martin are also in talks on using Mercedes technology to develop a Lagonda badged SUV that Aston Martin would start selling by 2017.

These two companies are quite different in size with Mercedes delivering 1.46 million vehicles in 2013, while Aston Martin sold about 4,200 units during the same time.

via: Bloomberg


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