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.