Daimler to hike stake in Aston Martin to 5 percent

Article by Christian Andrei, 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]

If you liked the article, share on:


Login or Create new account to add a comment!


We’ve seen quite a lot of intriguing stories in the age of Internet (where the most interesting part was revealed before the story unfolds). Some are from movies and novels...
by - October 26, 2016
Many people have long known that the new 2018 RS5 was being developed by Audi AG. Enthusiasts the world over were excited when a prototype was seen running on the...
by - October 26, 2016
It was only recently when BMW officially debuted the new 2017 5-Series Saloon (G30) online. At that time, this range revealed that it had driving dynamics that was the best...
by - October 26, 2016
Starting early 2017, the new Audi Q7 will be available with the new 2.0-liter TFSI four-cylinder engine that makes it not only faster but also lighter and more efficient than...
by - October 25, 2016
Soon, Fiat Chrysler’s Dodge brand will be ending the production of the Dodge Viper. So practically, the 2017 Dodge Viper will be the last Viper up for grabs. Gerry Wood...
by - October 25, 2016