Daimler signs component deal with Aston Martin

Article by Christian A., on August 7, 2014

Daimler has inked a component deal with Aston Martin to supply the latter with electric and electronic parts, furthering an alliance reached in 2013. The deal was signed July 31 and is part of a larger agreement that entails Mercedes-Benz AMG adapting V8 engines to be fitted in future Aston Martin models.

Daimler and Aston Martin are holding discussions to allow the UK sports car maker to employ Mercedes technology to develop an SUV that it would introduce by 2017, people privy with the matter told Bloomberg.

Aston Martin is currently one of the few ultra-luxury carmaker that is not under to any larger manufacturing group. The downside to this setup is that Aston Martin could not get enough resources to finance technology that would render its models more competitive with rival units from Maserati or Bentley.

Aston Martin is now implementing its biggest investment program so far after Investindustrial acquired a 37.5 percent stake in December 2012.

The carmaker’s other shareholders also include Investment Dar Co. and Adeem Investment Co. Daimler, on the other hand, is bound to hike its four-percent stake in Aston Martin to 5 percent, according to spokesman Hendrik Sackmann.

If you liked the article, share on:

Pin It

Comments

Recommended

Reddit user Jdubbswrx spotted a rather deceptive move coming from the German automotive manufacturer Audi. He posted an image of the supposed exhaust of the new 2018 Audi SQ5 sporting...
by - March 29, 2017
McLaren car owners will be thanking the automotive company as it has decided to roll out new goodies for the 540C, 570S and 570GT sports car line-up. From this series...
by - March 29, 2017
On July 11, Audi is set to reveal its flagship luxury sedan, the all new A8. And at this moment, none of us are sure how this model will look....
by - March 29, 2017
The recent Porsche 911 is definitely considered one of the most elite sports car to grace the roads worldwide. The task of producing its successor is challenging enough for the...
by - March 29, 2017
British startup Zenos, which entered bankruptcy administration earlier this year is now back in business. The Norfolk-based sports car manufacturer was bought by a consortium of investors headed by AC...
by - March 29, 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