Daimler and Aston Martin sign technical partnership

  • 20-Dec-2013 10:21 EST
AMG engine pic.jpg

Hand-assembled engines are part of the brand mystique of Mercedes-AMG (shown) and Aston Martin. The marques will cooperate on developing more fuel-efficient powertrains.  

Under an agreement announced Dec. 19, Mercedes-AMG (a Daimler AG subsidiary) and Aston Martin Lagonda Ltd. will develop custom-made V8 engines supporting the latter’s launch of next-generation car models that, the companies say, will combine high performance and fuel efficiency. Under the "technical partnership," Daimler will receive up to 5% nonvoting shares in Aston Martin without cash considerations and will get observer status on the Aston Martin Holdings board. The parties are close to an agreement related to the supply of electric/electronic components, and they have agreed to explore additional areas for cooperation. Aston Martin will continue to manufacture all of its sports cars at its Gaydon headquarters in Warwickshire, England.

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