Aston Martin and Daimler collaboration formalised
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AMG production facilities (both images)
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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.
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Mercedes-Benz SL 600
road test from 2009
..... more
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Aston Martin V8 Vantage
road test from 2009
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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.”
E&OE.
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