What does this mean for future models?
Earlier this year, Aston Martin hired former Mercedes-AMG Boss Tobias Moers to be its new CEO. The move wasn't considered too surprising, as Mercedes already owns a 5% stake in Aston Martin. Mercedes CEO Ola Kallenius claimed that his company would not increase its ownership stake in Aston Martin, but as it turns out, that statement was false. Today, the two companies announced an expanded partnership with an increase in shareholding.
As part of this new agreement, Mercedes will allow Aston to access its next-generation hybrid and electric powertrains and other vehicle components and systems. In turn, Mercedes will receive more shares of Aston Martin over the next three years up to a total value of 286 million pounds (around $374 million). These new shares will take Mercedes' ownership of Aston Martin to a maximum ownership stake of 20% and no higher.
"We already have a successful technology partnership in place with Aston Martin that has benefited both companies. With this new expanded partnership, we will be able to provide Aston Martin with access to new cutting-edge technologies and components, including next generation hybrid and electric drive systems. The supply arrangements for these new technologies will be on agreed commercial terms. We look forward to continuing to work together with Aston Martin and we wish the company every success in its next stage of growth," said Wolf-Dieter Kurz, Head of Product Strategy at Mercedes-Benz.
Several Aston Martin cars, including the 2021 Aston Martin Vantage and DBX, already use a 4.0-liter twin-turbo V8 engine sourced from Mercedes-AMG. Following this new partnership announcement, future Aston Martin models will come packing AMG-sourced hybrid power. Hopefully, this new announcement yields some better infotainment technology for Aston Martin as well. The company's current model uses an outdated Mercedes COMAND system, so we hope Aston gets the company's latest MBUX infotainment.