Aston Martin and AMG have announced that the two companies will be entering into a partnership – which will eventually see the Aston Martin cars using AMG engine and drivetrain, as well as electronic systems from AMG’s parent company Mercedes-Benz.
Daimler will take five per cent equity in Aston Martin, without cash consideration, as well as observer status in the board of management of Aston Martin.
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This news comes during the height of Aston Martin’s 100-year celebrations, and just months after the company was partially sold to investors Investindustrial – securing a £150m cash injection for future product development.
Currently, this announcement is for an unsigned letter of intent – although both parties hope to be in a position to sign the agreement towards the end of the year.