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

Article by Christian A., 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

Recommended

Volkswagen of America has a nice surprise for potential customers of the new VW Tiguan (2018 model year). The latest iteration of the Tiguan – set to arrive in the...
by - May 25, 2017
Toyota Camry is many things but exciting isn’t one of its frequent descriptions. That’s why throughout the years, Toyota has been stepping up its game for the said model in...
by - May 25, 2017
Volkswagen intends to leave the crowd in awe at the Worthersee Meeting (Wortherseetreffen) – the largest VW and Audi car show in Europe – with its new GTI Worthersee concept. ...
by - May 25, 2017
The much-hyped 2018 Dodge Challenger SRT Demon certainly has attracted a lot of attention, and possibly many potential buyers. Now, here is good news for interested customers: Dodge has finally...
by - May 25, 2017
An RHD (right hand drive) BMW M4 DTM Champion Edition has been listed to be for sale by Romans International, UK’s leading supercar dealership. The first owner of this rare...
by - May 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