Aston Martin and Daimler sign agreement to develop a new V8 engine

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Aston Martin Daimler AMG partnership

Aston Martin and Daimler AG have signed an agreement for a significant technical partnership. Technical the deal is signed between Aston Martin and Mercedes-AMG, the performance brand of Daimler. The agreement will allow Mercedes-AMG and Aston Martin to develop brand new V8 engines. These engines will support Aston Martin’s new models and will feature not only top of the chart performance, but also very high fuel efficiency. The discussion for the agreement has been on since June, and has now resulted in the signing of definitive agreement.

As a part of the agreement, Daimler will receive up to five percent non-voting shares in Aston Martin. The company will also receive an observer status on the Aston Martin Holdings board. Daimler joins Aston Martin’s existing shareholder body that includes Primewagon, Adeem Investment and Investindustrial.

Both the companies will extend cooperation for the supply of electric / electronic components and investigate additional areas of cooperation in the future. Aston Martin will continue to manufacture all of its sports cars at its Gaydon headquarters in Warwickshire, England.

A spokesperson for the Aston Martin board said: “This strategic collaboration for Aston Martin will, in our next generation of luxury sports cars, offer our customers increased performance and efficiency whilst retaining the unique character and style of an Aston Martin.”

Tobias Moers, Chairman of the Management Board of Mercedes-AMG GmbH said: “Mercedes-AMG will provide the British icon Aston Martin with engines for their forthcoming sports cars. At our company´s headquarters in Affalterbach we are proud to work with Aston Martin – this agreement is a real win-win situation for both sides.”

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