AMG and Aston Martin confirm technical partnership
AM gets engines, Daimler gets shares
Following months of rumors and speculations, Aston Martin and Mercedes-AMG GmbH have announced today plans for a tie-up.
Final agreements will be made before the end of the year, but we already know this deal will allow Aston Martin to access Mercedes-Benz and AMG resources which will lead to the development of bespoke V8 engines. In addition, Aston Martin will utilize some components of the electric and electronic architectures developed by the Germans to launch a new series of V8-powered models.
In return, Daimler AG is going to own a stake of up to five percent in Aston Martin, depending on how the agreement progresses. They will join other shareholders like Adeem Investment and Investindustrial. A supply agreement between Mercedes-AMG GmbH, Daimler AG and Aston Martin is also included in this deal.
AM's product development director Ian Minards declared "We have selected AMG specifically as the basis for this powertrain development process." Head of Mercedes-AMG GmbH Ola Källenius said "We are proud to work with Aston Martin and provide them with powertrain and e/e 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."
Aston Martin V8 and V12 engines are still manufactured by Ford in Cologne, Germany by an agreement that lasts until 2013.