Following months of rumors and speculations, Aston Martin has just announced moves towards a technical partnership with Mercedes-AMG GmbH, a 100% subsidiary and high-performance brand of Daimler AG.
Final agreements will be made before the end of the year and this deal will allow the British carmaker to access significant Mercedes-Benz and AMG resources which will lead to the development of bespoke V8 powertrains and the use of certain components of electric/electronic (e/e) architecture.
In return, Daimler AG will own a stake of up to five per cent non-voting shares in Aston Martin depending on the progress of the agreement. They will join the existing shareholders that include Investment DAR, Adeem Investment and Investindustrial. An essential element of the planned partnership is a supply agreement between Mercedes-AMG, Daimler AG and Aston Martin.
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."
Ola Källenius, Head of Mercedes-AMG GmbH declared: "We are proud to work with Aston Martin and provide them with powertrain and e/e components for their forthcoming sports cars. This is proof of AMG’s technological and performance expertise and a real win-win situation for both sides."
