Next Car Pty Ltd 
Australia's Easy Reading New Car News Journal

Australia's Easy Reading New Car News

Home | News | Road Tests

Aston Martin and Daimler collaboration formalised (copyright image) (copyright image)

AMG production facilities (both images)

Recent new car releases ..... here
Upcoming new car releases ..... here

20th December, 2013

  • Supply and development agreements for engines signed
  • Electric/Electronic (E/E) component supply planned
  • Daimler to receive up to 5% equity in Aston Martin

Daimler AG and Aston Martin Lagonda Ltd. have signed an agreement for a significant technical partnership between Daimler, Mercedes-AMG GmbH, a 100% subsidiary of German automotive corporation Daimler AG, and Aston Martin.

Following the signing of a Letter of Intent in July this year, the two companies have continued to work together, exploring opportunities for co-operation and these discussions have resulted in the signing of definitive agreements.

The technical partnership will allow Mercedes-AMG and Aston Martin to develop bespoke V8 engines supporting Aston Martin’s launch of a next generation of models that will incorporate cutting edge technology and newly-developed engines, combining high performance and fuel efficiency.

Daimler will receive up to five per cent non-voting shares 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 on the Aston Martin Holdings board. Daimler joins Aston Martin’s existing shareholder body that includes Prime Wagon, Adeem Investment and Investindustrial.

The parties are working to conclude the terms of an additional cooperation for the supply of electric/electronic (e/e) components. Furthermore, the two groups will investigate additional areas of cooperation in the future. Aston Martin will continue to manufacture all of its sports cars at its Gaydon headquarters in Warwickshire, England. (copyright image)
Mercedes-Benz SL 600
road test from 2009
..... more (copyright image)
Aston Martin V8 Vantage
road test from 2009
..... more

Tobias Moers, Chairman of the Management Board of Mercedes-AMG GmbH: “By signing the Umbrella Agreement and the Engine Agreement both parties have agreed to this technical partnership: Mercedes-AMG will provide the British icon Aston Martin with engines for their forthcoming sports cars. At our company´s headquarters in Affalterbach we are proud to work with Aston Martin – this agreement is a real win-win situation for both sides.”

A spokesperson for the Aston Martin board said yesterday: “Our company is this year celebrating its centenary, and the partnership agreed today underpins prospects for Aston Martin’s bright, vibrant and dynamic second century in the sports car business. This strategic collaboration for Aston Martin will, in our next generation of luxury sports cars, offer our customers increased performance and state-of-the-art features whilst retaining the unique character and style of an Aston Martin.”



Hear Chris Goodsell
Talk Motoring On
Radio & Internet
..... more

More Mercedes-Benz News ..... here
More Aston Martin News ..... here

Top of page

Next Car Pty Ltd 
Australia's Easy Reading New Car News Journal

About | Car Clubs | Home | News | Road Ramblings | Road Tests | Subscribe | Top Drive

©   2013   All rights reserved.   Next Car Pty. Ltd.