Business
Mercedes to increase stake in Aston Martin to 20 per cent – Drive
In a statement, Mercedes said it would increase ownership of the brand, allowing more shared technologies.
29 Oct 2020
In a statement issued by Mercedes-Benz, the German car giant said the move would provide Aston Martin with broader access to technology and powertrains.
In May 2020, former head of Mercedes-AMG, Tobias Moers, was announced as the new CEO at Aston Martin. A month prior, it was revealed Mercedes Formula One team boss Toto Wolff had personally invested in the British marque.
Aston Martin currently uses engines and gearboxes from AMG in some of its models, as well as switchgear and infotainment…
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