Mercedes-Benz and Aston Martin are getting closer to each other. Mercedes-Benz takes a greater interest in Aston Martin in exchange for technological knowledge.
Mercedes-Benz and Aston Martin are no strangers to each other. Among other things, Aston Martin is already using the AMG 4.0 biturbo V8 from Mercedes-AMG and is also digging for things like infotainment systems from the parts bins of Das Haus. In exchange for shares, Aston Martin can now also use Mercedes-Benz’s expertise, including in the field of hybrid and fully electric powertrains. Earlier this year, former Aston Martin CEO Andy Palmer made way for former Mercedes-AMG CEO Tobias Moers.
Mercedes-Benz initially had a few percent stake in Aston Martin Lagonda Global Holdings. The aforementioned exchange between the two brands makes it possible for Mercedes-Benz to eventually acquire up to 20 percent of the shares in Aston Martin. “We already had a successful partnership with Aston Martin. With this extensive partnership we are able to provide Aston Martin with the latest technologies, including in hybrid and electric powertrains,” explains Wolf-Dieter Kurz, Head of Product Division Mercedes-Benz strategy in a cover letter. The maximum share in Aston Martin to be acquired by Mercedes-Benz is good for a value of around € 317 million. The exchange between the two manufacturers will be completed step by step until 2023. Aston Martin aims to achieve annual sales of £ 2 billion by financial year 2024-2025. The brand wants to be able to sell around 10,000 cars annually by then. The arrival of a series of new models should contribute to this.