British sports car maker Aston Martin is discussing a possible tie-up with Mercedes’ AMG arm to co-develop engines.
News of the partnership surfaced late last year and now Investindustrial, one of the brand’s recent investors, confirmed the possibility today. An agreement has yet to be reached, and the brand is still talking with other potential partners, but Aston Martin is aiming to reach an agreement in the next two months.
Investindustrial chairman Andrea Bonomi said the maker plans to invest $800 million into bolstering itself over the next four years to better compete against Bentley, Ferrari and Maserati.
The investment firm has a history of reviving high-end vehicle manufacturers. For example, it recently sold Ducati, a recent project, to Volkswagen.
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Aston Martin is the only global luxury car manufacturer that isn’t owned by a larger manufacturing group, which makes it much harder for it to compete. Last month, Investindustrial bought a 37.5 percent stake in the maker for $254 million which the brand said would allow it to invest the aforementioned $800 million.
That might seem confusing, but the investment firm said it is committed to remaining a shareholder in the company for at least 10 years.
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