Aston Martin and Mercedes-AMG confirms technical partnership
Published On Jul 25, 2013 06:07 PM By Prithvi
Aston Martin has confirmed a technical partnership with Mercedes-AMG GmbH. A letter of intent has been signed and both parties are working towards signing definitive agreements before the end of the year. This agreements are subject to applicable regulatory approvals. With this deal, the Aston Martin can access significant Mercedes-AMG GmbH and Mercedes-Benz Cars' resources, allowing the development of bespoke V8 powertrains and the use of certain components of electric/electronic (e/e) architecture.
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. The company will join the existing shareholders that include Investment DAR, Adeem Investment and Invest-industrial. The technical partnership will support Aston Martin’s launch of a new generation of models that will incorporate cutting edge technology and newly-developed bespoke V8 powertrains.
An essential element of the planned partnership is a supply agreement between Mercedes-AMG, Daimler AG and Aston Martin. The British sports carmaker is celebrating its centenary this year. 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.”
The companies confirm that their respective engineering teams will work together to optimise the implementation of this technical partnership. Both parties have agreed that no further details of the planned technical partnership will be revealed for the time being.