Daimler CEO Dieter Zetsche has decided to clear up rumors that called for the company to increase its stake in British luxury sports car manufacturer Aston Martin.
According to the German automaker’s chief executive officer, Daimler – the parent company of third largest premium carmaker in the world, Mercedes-Benz – has no intention to raise its ownership stake or even become involved in the decision making process of Aston Martin. “I don’t think we could do a better job running a 4,000-units-a-year company than Aston Martin’s management,” commented the manager on the sidelines of an event he was attending.
There’s a huge difference when it comes to sales between the companies – Mercedes-Benz alone sells at least 1 million units annually, while Aston Martin’s annual volume is just a fraction. Also, the British manufacturer recently tapped former Nissan executive Andy Palmer to become its CEO since October, after a yearlong hiatus at the top management level. Rumors have been building up around Aston Martin and Daimler after the latter took 5% of the British carmaker’s shares in exchange for technical cooperation – the AMG high-performance division of Mercedes would supply V8 engines and other technology to be used in future Aston models.
Via Automotive News Europe