Aston Martin and Mercedes-Benz expand partnership

Aston Martin and Mercedes-Benz expand partnership

October 28, 2020 0 By autotimesnews

Aston Martin has announced a new strategic technical agreement and an expanded partnership with Mercedes-Benz Corporation.

The agreement will open the British company access to new hybrid and electric units, as well as other elements and systems of the German corporation. In return, Mercedes-Benz will receive additional Aston Martin shares over the next three years. Under the agreement, the share of Germans in the British company should increase from 2.6% to 20%.

The companies did not go into details, but confirmed that Aston Martin had requested access to some motors and transmissions, as well as software, platforms and other components of the German concern. Mercedes-Benz agreed to this in exchange for shares, which will be transferred to the German company as the various technology packages are provided to the British. It is noted that the main conditions for the first technological package, which is estimated at $ 183 million, have already been agreed. For this, the British manufacturer will increase the share of Mercedes-Benz from 2.6% to 11.8%.

It is planned to transfer additional technological packages, but the British and Germans noted that, first of all, they need to agree on all the conditions of each of the upcoming sets.

In addition, it was recently noted that the British company Aston Martin showed the concept of its own new speedster. It should be emphasized that this car is powered by a powerful V12 engine.