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

Alpine is said to be developing an SUV which is believed to be the Porsche Macan’s closest rival. According to AutoExpress, the newly revived performance brand has been looking to...
by - July 20, 2017
Two years ago, there was a patent filed by Honda Motors under the name “baby NSX”. It then had a angular sports car design that is clearly mid-engine, and had...
by - July 20, 2017
The long awaited 2018 Buick Regal GS has finally been revealed by the company, following several leaked photos and information in the past few months. The thing is, if you’ve...
by - July 20, 2017
Earlier this month, we learned that France has made moves to ban diesel and gasoline fueled cars by stopping them from entering the city. More than that, they plan to...
by - July 19, 2017
The new 2018 Rolls-Royce Phantom VIII is on the way, but still, all we had been seeing are camouflaged prototypes of the eight generation of this iconic nameplate. Fortunately though,...
by - July 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