By August 2, 2013 Read More →

Aston Martin in technical partnership with Mercedes-AMG

Aston Martin V12 Vantage S 2014_01Mercedes-AMG GmbH and Aston Martin Lagonda intend to enter a technical partnership. Essential elements of the planned partnership are supply agreements between Mercedes-AMG, Mercedes-Benz Cars and Aston Martin. The proposed deal will see Aston Martin access significant Mercedes-AMG GmbH and Mercedes-Benz Cars’ resources, allowing the development of bespoke V8 powertrains and the use of certain components of electric/electronic architecture.

In addition to those agreements, Daimler will receive up to 5% equity in Aston Martin without cash consideration in several steps following the progress of the technical partnership. At the same time, the company will receive an observer status in the Board of Management of Aston Martin. Based on the Letter of Intent, both parties have the intention to work towards signing of definitive agreements during the second half of the year. The overall transaction is subject to the conclusion on definitive agreement and applicable regulatory approvals, if required.

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.”

Both parties have agreed that no further details of the planned technical partnership will be revealed for the time being.

 

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