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26th
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Aston Martin Lagonda Ltd. and Mercedes-AMG GmbH intend to enter a technical partnership through which the latter will supply Aston Martin with engines as well as electric and electronic components.
“We have selected AMG specifically as the basis for this powertrain development process. 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,” said Aston Martin Product Development Director Ian Minards.
The German automaker will receive up to 5% equity in Aston Martin without cash consideration in several steps following the progress of the technical partnership, along with an observer status in the Board of Management of Aston Martin.
Both parties have the intention to work towards signing of definitive agreements during the second half of the year.
“We have selected AMG specifically as the basis for this powertrain development process. 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,” said Aston Martin Product Development Director Ian Minards.
The German automaker will receive up to 5% equity in Aston Martin without cash consideration in several steps following the progress of the technical partnership, along with an observer status in the Board of Management of Aston Martin.
Both parties have the intention to work towards signing of definitive agreements during the second half of the year.