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


RELATED POSTS

New 2015 Mercedes-Benz C-Class Estate drops more camouflage
New 2015 Vauxhall Corsa revealed with Adam inspired styling
Top 3 compact family cars
Mercedes-Benz GLK 63 AMG reportedly in development with a 4.0-litre twin-turbo V8
Jay Leno gets to drive the all-electric Harley-Davidson LiveWire prototype
Evo magazine founder Harry Metcalfe starts his own YouTube channel, introduces his 1954 Series I Lan...
Porsche 901 concept digitally imagined as a tribute to the legendary 911
New second-generation 2015 Audi R8 revealed for Geneva debut
Very limited open-top LaFerrari revealed
New BMW 740e and 740Le xDrive now on sale
Hyundai previews the new generation i30
All-new Audi Q5 steps up the game, arrives in spring 2017
Tags: , , ,
linode.com