Daimler’s Mercedes-Benz, which owns 5 percent of the British luxury automaker Aston Martin, might acquire the entire company.
It seems that German automaker Mercedes-Benz is not satisfied with only 5 percent of Aston Martin. Although Mercedes CEO Dieter Zetsche did not deny the feasibility of acquiring the UK company, he did do everything he could to cool down the rumors which are spreading fast.
Several years ago Aston Martin was sold by Ford and since then company has been having troubles in the auto industry and lacked the support of industry friends.
“This is a fantastic brand, and we are willing to support its further development,” was Zetsche’s ambiguous declaration.
In July 2013 Aston Martin and Daimler have signed an agreement which allows the UK automaker to benefit from AMG’s resources if it is willing to give up on a 5% stake in the company. According to the agreement Aston Martin is allowed to use some parts of the electronic and electric architectures built by Daimler, which will help the UK automaker launch a new series of the V8 powered vehicles.
Daimler has made public its intentions to further collaborate with Aston and share electrical components, but a complete takeover of the company might not be such as simple step.
Investindustrial, Aston Martin’s investor, has its part in this deal. The company owns 37.5% of the UK car maker, which it was acquired last year with $250 million.
by Mircea Serafim
) - Monday, March 17th, 2014 - filed under Aston Martin
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