Following the signing a letter of intent back in July, Mercedes and Aston Martin have confirmed details of their technical partnership. Most significantly it will allow Merc and Aston to develop bespoke AMG V8s for the next-generation of Aston Martins, which includes replacements for the V8 Vantage and DB9.
Although there is no cash involved in the deal, Mercedes will receive five per cent non-voting shares in Aston Martin and get observer status on the Aston Martin board. Other current stakeholders include Investindustrial with 36 per cent and The Investment Dar, a Kuwaiti investment group, with 58.2 per cent, while the rest is owned by private individuals.
An Aston Martin press release also confirmed that's it's working on a deal for Mercedes to supply it with electronic components, and alleviated any fears for its British workforce, stating it will continue to manufacture all of its sports cars at its Gaydon headquarters in Warwickshire.
Earlier in the year outgoing CEO, Dr Ulrich Bez, told us the relationship could also extend to platform sharing, and hinted that the Lagonda SUV project was back on the table. "Four years ago, I already brought out the Lagonda [SUV] concept which was based on a Mercedes platform," Bez said. "If we are looking at the next 10 or 20 years, there should be no limits."
Bez also told us that AMG V8s aren't the only engines Aston is looking to use: "We are mostly looking at V8s, but I would think we are talking about V6s in the next few years as well."
On the new agreement, Tobias Moers, Chairman of the Management Board of Mercedes-AMG GmbH said: “By signing the Umbrella Agreement and the Engine Agreement both parties have agreed to this technical partnership: Mercedes-AMG will provide the British icon Aston Martin with engines for their forthcoming sports cars. At our company´s headquarters in Affalterbach we are proud to work with Aston Martin – this agreement is a real win-win situation for both sides.”