Aston Martin, AMG Announce Technical Partnership
Reports from a little over 2 months ago spoke of talks between Daimler and Aston Martin, about “supply and technical-cooperation agreements.” Now, Aston Martin has announced that it has signed a Letter of Intent which looks “towards a technical partnership” with Mercedes-AMG GmbH. The two companies aim to have definitive agreements done by year’s end.
The proposed deal will allow Aston Martin access to AMG’s resources for the development of bespoke V8 powertrains for the next generation of the British marque’s models. AMG, which is owned by Daimler, will also assist Aston Martin with electronic architectures. In return for the technical assistance, Daimler will get a non-voting stake of up to five percent of Aston Martin and will join existing shareholders including Investment DAR and Investindustrial.
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. Working with Mercedes-AMG in this way while, of course, remaining independent and preserving the unique character and style of Aston Martin that has been the mainstay of the company throughout its 100-year history, points to a very bright future for the company as it starts its second century in business.
– Ian Minards, Director, Product Development, Aston Martin
Even though part of the deal ensures a supply agreement between AMG, Daimler and Aston Martin, the British automaker will continue to manufacture all of its sports cars at its Gaydon facility.
We are proud to work with Aston Martin and provide them with powertrain and electric/electronic components for their forthcoming sports cars. This is proof of AMG’s technological and performance expertise and a real win-win situation for both sides.
– Ola Källenius, CEO, AMG