Aston Martin is not looking to ‘sell all or part of the company’, company sources have said.
It had been rumoured that Mercedes wants a large stake in Aston but insiders have told Autocar that the company is not for sale.
It looks like the new management team are not prepared to make any more changes to the ownership of the company.
Aston has however been in talks with several carmakers to discuss sharing technology which some reports suggest could include Mercedes hybrid engines.
This could certainly help with Aston’s long-term survival as manufacturers such as Porsche are looking at hybrid technology for their forthcoming Panamera.
The most likely use for Aston would be in the Rapide four-door sports car.
However, according to Autocar, there will be no buyout, although it is suggested that shares in Aston could be offered on the open market in an IPO ‘within five years’.