Daimler to hike stake in Aston Martin to 5 percent

Article by Andrew Christian, on August 6, 2014

Daimler will see its four-percent stake Aston Martin increase to five percent and will supply the latter with electric and electronic parts to further an alliance commenced in 2013. The deal inked July 31 is part of a larger agreement that entails Mercedes-Benz AMG adapting V8 engines to be fitted in future Aston Martin vehicles.

Both carmakers are in talks on using Mercedes technology for development of an SUV that Aston Martin would introduce by 2017, people privy with the matter told Bloomberg earlier this year.

Aston Martin, which posted 4,200 vehicles in sales in 2013, is one of the few ultra-luxury carmakers not belonging to a larger manufacturing group. This has impeded Aston Martin’s capability to finance new technologies that could render its units competitive against Maserati or Bentley models.

Aston Martin is in currently implementing its largest investment scheme in its history following a move by Investindustrial to purchase a 37.5-percent stake in the carmaker in December 2012. Other shareholders include Investment Dar Co. and Adeem Investment Co. [source: automotive news - sub. required]

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