Mercedes-AMG will take 5 percent stake in Aston Martin in technical partnership

Article by Anita Panait, on July 25, 2013

Aston Martin and Mercedes-AMG GmbH are working on a technical partnership deal that would see the British carmaker gain significant access to the latter and Mercedes-Benz Cars’ resources. The proposed agreement would pave way for the development of bespoke V8 powertrains and the use of certain components of electric/electronic (e/e) architecture.

In exchange, Daimler AG will take a stake of up to five percent non-voting shares in Aston Martin, depending on the progress of the proposed deal. Mercedes-AMG GmbH is a 100% subsidiary and high-performance brand of Daimler. A Letter of Intent has been signed, and Aston Martin and Mercedes-AMG are working on inking definitive agreements before the end of 2013. The agreements are subject to applicable regulatory approvals. One vital element of the proposed technical partnership is a supply deal between Mercedes-AMG, Daimler and Aston Martin.

Ian Minards, Aston Martin Product Development Director, remarked that they selected AMG specifically as the basis for the powertrain development process. He noted that the opportunity to include content from Mercedes-AMG in Aston Martin’s next generation sports cars is “good news.”

Minards remarked that Aston Martin will work with Mercedes-AMG while remaining independent and preserving its unique character and style, which he said has been the mainstay of the carmaker throughout its 100-year history. Sports carmaker Aston Martin is celebrating its 100 years of auto existence this year. The company will still build all of its sports cars at its Gaydon headquarters in Warwickshire, England.

Aston Martin Product Development Director Ian Minards said: “We have selected AMG specifically as the basis for this powertrain development process. Aston Martin sources cutting edge technology from key suppliers around the globe and the opportunity to include content from Mercedes-AMG GmbH in our next generation sports cars is, clearly, good news.” [source: Aston Martin]

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