Aston Martin and Daimler are holding talks to build an SUV

Article by Christian A., on April 1, 2014

Aston Martin and Daimler are in discussions to extend their partnership and produce a sports utility vehicle, people privy with the matter told Bloomberg. In 2013, Daimler agreed to acquire a 5-percent stake in Aston Martin as part of a technology-sharing agreement that entails Mercedes-Benz's AMG high-performance unit to develop V-8 engines with the British company for Aston Martin's future models.

Sources told Bloomberg that a possible cooperation extension may entail Daimler to possibly share the platform of a new large SUV with Aston Martin. One of the sources said discussions are still in an early phase since the SUV won't arrive for another three years and Aston Martin is still considering whether to employ its own technology to develop a crossover.

Aston Martin is the only global luxury carmaker that isn’t part of any larger manufacturing group. Investment firm Investindustrial owns a 37.5-percent stake in Aston Martin. Aston Martin unveiled plans in 2013 to invest GBP500 million ($832 million) in the next four years to challenge its luxury rivals. Other supercar makers now developing SUVs for the United States, China and Russia are Maserati, Bentley and Lamborghini.

SUVs are popular in these countries mainly because of longer driving distances and larger areas of undeveloped land. Investindustrial Chairman Andrea Bonomi remarked in 2013 aims to expand Aston's lineup while forming partnerships with other company to limit development costs.

Aston Martin is now looking for new chief executive after Ulrich Bez stepped down at the end of 2013. A source told Bloomberg that Aston Martin would not decide on its model strategy until its names a new CEO.

If you liked the article, share on:

Pin It

Comments

Recommended

Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 2017
Lamborghini has officially offered clear proof that the Huracán Performante was able to set a new record at the Nürburgring Nordschleife with a time of 6:52.01 It was in early...
by - March 25, 2017
Top Gear has revealed that for its “Stars in a Reasonably Fast Car” segment, it will now be using a slightly enhanced Toyota GT86, which in the U.S. market is...
by - March 24, 2017
Porsche is laying aside any plans of pushing another hybrid hypercar into their line-up -- at least not at this time. Oliver Blume, Porsche Global Chief confirmed in a recent...
by - March 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries