Daimler is open to discuss deeper ties with new Aston Martin CEO

Article by Christian Andrei, on September 12, 2014

Daimler chief executive Dieter Zetsche said his company is fundamentally open to discussion over deeper partnership with Andy Palmer, the new top honcho at Aston Martin. Palmer was formerly Nissan’s chief planning officer, and Daimler has some cooperation agreements with the Renault-Nissan alliance.

Zetsche remarked that while Palmer would be missed in Daimler’s dealings with Renault-Nissan, he would be a plus in its cooperation with Aston Martin. He noted that it is up to Palmer to further develop Aston Martin's strategy, being the British carmaker’s new CEO, adding that Daimler is open to all talks, including over deeper cooperation.

Palmer is latest executive that has exited Nissan and/or its alliance partner Renault. His entry at Aston Martin, however, is very timely as the UK group is getting ready to launch new models with engines supplied by Daimler, which holds a 4-percent stake at the carmaker.

Palmer had tried to persuade Nissan CEO Carlos Ghosn to invest in Aston Martin, but he was not able to do that, sources told Reuters.

Aston Martin is now on a spending spree after its newest controlling shareholder, Andrea Bonomi's Investindustrial, acquired a 37.5-percent in May 2013. Two months later, Aston disclosed an agreement for development of a new generation of V-8 engines with Daimler’s AMG. [source: Reuters.com]

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Nikola Motor’s hydrogen-powered semi-trailer truck is highly appealing with its many advancements but don’t expect it to arrive in the near future. In November 2016, Toyota announced the possibility of...
by - December 5, 2016
Usually, it is up to resourceful spy photographers to take clear pictures of vehicle prototypes, especially those that have aroused a lot of interest. The same is true for Project...
by - December 5, 2016
The much-anticipated debut of the new Wrangler will surely happen. As it approaches, we’ve gathered all the latest information released so far. Of course, most are expecting that the next...
by - December 5, 2016
Nissan has announced the pricing for its new commercial pickup line. So for those who have been waiting for Nissan’s official price list (plus a little more info), read on… ...
by - December 5, 2016
Sorry folks, the AMG-fied Mercedes-Benz X-Class will remain in the fantasy world. According to some news, the AMG big boss has finally spoken up about why an AMG X-Class is...
by - December 5, 2016
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