The letter of intent was signed today, with the two companies ironing out all the details by the end of this year. The union will see Daimler receive five percent equity in Aston Martin along with an observer status in its Board of Management.
In return, Aston Martin will be allowed access to Mercedes-AMG’s resources, aiding the British sportscar manufacturer’s development of a range of bespoke V8 powertrains.
“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’s Ian Minards.
“We are proud to work with Aston Martin and provide them with powertrain and e/e (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,” said Ola Källenius, Head of Mercedes-AMG GmbH.