Germany/UK – Following a letter of intent in July in 2013, the two OEMs have been exploring opportunities for co-operation; the new definitive agreement will allow Mercedes-AMG, the 100% Daimler subsidiary, and Aston Martin to develop bespoke V8 engines which will support the latter’s launch of a new generation of models combining high performance with fuel efficiency.
Daimler will receive up to 5% of non-voting shares in Aston Martin without cash consideration in several stages following the progress of the technical partnership. The company will also gain observer status on the Aston Martin Holdings board. Daimler joins Aston Martin’s existing shareholder body which includes Prime Wagon, Adeem Investment and Investindustrial.
The parties are working to conclude an additional agreement for the supply of electric/electronic (e/e) components. They will investigate other areas of co-operation in the future.