Daimler Deepens Ties With Aston Martin
Daimler is expanding its stake in Aston Martin as a part of the previously announced for AMG to provide engines to the British exotic car builder.
The German manufacturer will take on an additional one percent stake in the company, increasing its overall share in the Gaydon, U.K.-based company to five percent. Aston Martin is also expected to borrow from Mercedes in developing a new SUV, but that model is still far away. Currently, the company is busy developing a sports car platform that will underpin a new DB9 in 2016 followed by more models later.
Apart from supplying Aston Martin with engines, the Mercedes will also supply electronics and electrical components as a part of the alliance.
[Source: Bloomberg]
Luke is an energetic automotive journalist who spends his time covering industry news and crawling the internet for the latest breaking story. When he isn't in the office, Luke can be found obsessively browsing used car listings, drinking scotch at his favorite bar and dreaming of what to drive next, though the list grows a lot faster than his bank account. He's always on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> looking for a good car conversation. Find Luke on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> and <A title="Luke on Google+" href="http://plus.google.com/112531385961538774338?rel=author">Google+</A>.
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This is the best thing that's happened to Aston Martin in a LONG LONG time.
Will the next Aston Martin Cygnet be a smart fortwo? ...or forfour?