Photo Courtesy of Mercedes-Benz
Additionally, Daimler (of which Mecedes-AMG is a 100 percent subsidiary) will get up to five percent equity in Aston Martin following any progress the partnership makes. They will also receive an observer status on Aston's Board of Management.
While both parties have agreed to stay quiet on further details, they're quick to comment on their enthusiasm and confidence in the proposed deal. "We have selected AMG specifically as the basis for this powertrain development process,” says Ian Minards, director of Aston Martin product development. “Aston Martin sources cutting edge technology from key suppliers around the globe and the opportunity to include content from Mercedes-AMG GmbH in our next generation sports cars is, clearly, good news."