Aston Martin signs engine deal with Mercedes

[porridge]

Telegraph said:

Aston Martin has signed a deal to develop new engines with Mercedes-AMG which will see Daimler taking a five per cent stake in the 100-year-old British car firm.

The agreement will allow Mercedes-AMG and Aston Martin to develop bespoke V8 engines for the next generation of Astons

Daimler, the parent company of Mercedes-AMG, will take non-voting shares in Aston Martin, which in 2007 was bought from Ford by a consortium led by Prodrive boss David Richards. Last year the Italian private equity firm Investindustrial bought a 37.5 per cent stake.

The deal, which has been under negotiation since July, will help Aston Martin, the only global luxury car maker not attached to a larger manufacturer, spread the cost of developing new fuel-efficient vehicles.

http://www.telegraph.co.uk/luxury/motoring/19368/aston-martin-signs-engine-deal-with-mercedes-amg.html

[Funk]

There's a thread in the AM section running already: http://www.pistonheads.com/xforums/topic.asp?h=0&a...