After months of speculation, a deal between Aston Martin and Mercedes AMG has been officially announced, with the technical partnership giving the British marque access to the German firm’s powertrains and electronic components.
It was rumoured in May that Aston Martin were in talks with Stuttgart-based Mercedes over component sharing, and on Thursday the two signed a letter of intent with a final, definitive agreement before the end of the year.
The deal will also support the launch of the next-generation string of Aston Martin Models and will see Daimler AG own up to five per cent of non-voting shares in Aston Martin, joining both Investment DAR and Investindustrial as shareholders.
Aston Martin will continue to build their sports cars at their Gaydon facility, whilst the agreement sees supplies come straight from AMG in Germany to be fitted at Aston’s Warwickshire base.
Aston Martin development boss Ian Minards said: “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.
“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.”
AMG boss, Ola Källenius said: “We are proud to work with Aston Martin and provide them with powertrain and electric/electronic components for their forthcoming sports cars. This is proof of AMG’s technological and performance expertise and a real win-win situation for both sides.”