Mercedes-AMG and Aston Martin will enter a technical partnership
Mercedes-AMG GmbH and Aston Martin Lagonda have signed a letter of intent to create a limited technical partnership that will center on supply agreements between Mercedes-AMG/Mercedes-Benz Cars and Aston Martin. Terms call for Mercedes-AMG to supply Aston Martin with engines, while Mercedes-Benz Cars will provide the British luxury sports car manufacturer with e/e (electric/electronic) components for future Aston Martin models. In return, Mercedes' parent company, Daimler AG, will receive up to a five percent non-voting equity position in Aston Martin as well as be granted observer status on Aston's Board of Management.
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In commenting on the deal, Aston Martin Product Development Director Ian Minards noted that: "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." He added: "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."
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Ola Källenius, Head of Mercedes-AMG GmbH, expressed similarly positive feelings about the agreement, calling it "proof of AMG's technological and performance expertise and a real win-win situation for both sides." Beyond confirming that their respective engineering teams will work together to optimize implementation of this technical partnership, both parties have agreed that no additional details will be revealed at this point in time.
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