Daimler to take 5 % stake in Aston Martin
Daimler Group will take a 5 percent non-voting stake in luxury sports car maker Aston Martin. This was reported by the Financial Times, completing a deal between the German and British car makers that was announced in July.
According to the deal, Aston Martin will team up with Mercedes-AMG GmbH Division on the development of a new generation of V8 engines to be fitted to the models of the British carmaker.
The deal will help Aston Martin, the only global luxury carmaker not attached to a larger manufacturer, spread the cost of developing new vehicles.