Aston Martin

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Aston Martin and Daimler are now officially partners

posted by Giannis

Aston has often been criticized for its old, Ford era engines or its antiquated electronics – never for its style and design, though. Now, through the formalization of the partnership between Aston Martin and Daimler, first hinted through a “Letter of Intent” in July 2013, a new series of bespoke engines will be developed from AMG, to be used in the next generation of beauties from Gaydon.

In return, Daimler will receive up to five percent non-voting shares in Aston Martin without cash consideration in several steps following the progress of the technical partnership, plus an observer status on the Aston Martin Holdings board. The terms of an additional cooperation for the supply of electric/electronic (e/e) components are being worked out, while other areas of possible cooperation are being investigated. The design and manufacturing of Aston Martin models will still take place at Aston Martin’s HQ in Gaydon, England.

It’s not the first time AMG is supplying an engine to another manufacturer, as the engine used by Pagani was developed and produced in Affalterbach. In any case, the outcome of this partnership will be unveiled in two to three years from now. Certainly a long wait, but we are sure that the outcome will be spectacular. Click “more” for the full press release.

Source: [Mercedes-Benz]

Press Release:

Daimler AG and Aston Martin Lagonda Ltd. have signed an agreement for a significant technical partnership between Daimler, Mercedes-AMG GmbH, a 100% subsidiary and high-performance brand 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 percent 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.

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: “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.”

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