Daimler's partnership with Aston Martin is growing, as the former will supply electric and electronic components to the latter for a 1 percent increase in holdings.
Bloomberg reports Daimler's total holdings will come to 5 percent as part of the supply deal, which in turn is part of a larger agreement where Mercedes AMG will supply V8s for future Aston models. Aston Martin is also planning on using Mercedes tech to develop an SUV for sale by 2017 at the earliest.
Other shareholders of the largely independent premium automaker include London-based investment firm Investindustrial, and Kuwaiti-based Investment Dar Co. and Adeem Investment Co.
The post Aston-Daimler Partnership Deepens With Component Agreement, Increased Holdings appeared first on The Truth About Cars.
from The Truth About Cars http://ift.tt/Jh8LjA
Put the internet to work for you.
No comments:
Post a Comment