Daimler to hike stake in Aston Martin to 5 percent

Article by Christian A., 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:

Comments

Recommended

Hyundai is introducing a new 2018 Accent that is not only wider and longer, but is now also sporting a new look that is more serious than the previous model....
by - February 20, 2017
Fans and enthusiasts of the BMW M2 in the United States could now rejoice. This comes as their favorite BMW M2 is getting a limited edition version as prepped by...
by - February 20, 2017
Carmakers usually leave us thirsty for information on whether they would introduce a new, refreshed or face-lifted vehicle and on when they intend to launch it. There are reasons for...
by - February 20, 2017
Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 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