Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Or Login with

Sign in with facebook
Sign In with google

Sign up to CarWale

Please enter your name
Please enter your mobile number
Please enter your password
Please enter your password

Daimler increases its stake in Aston Martin

August 07, 2014, 05:55 PM IST by Ranjan R. Bhat
Daimler increases its stake in Aston Martin

Daimler, the parent company of the luxury brand Mercedes-Benz, has acquired an additional one per cent share of Aston Martin Lagonda Ltd. For the past few years, the German conglomerate has been slowly acquiring shares of the British manufacturer and with the latest acquisition, its total stake in Aston Martin has increased to five per cent.

The deal, which was signed on July 31, was brokered by Investindustrial which had acquired a 37.5 per cent stake of Aston Martin around 18 months ago. Besides the extra stake, the deal has expanded the component sharing agreement between the two companies.

While Aston Martin currently uses architecture and engine which were developed when it was owned by Ford, the agreement will enable the British manufacturer to use new engines being developed by Mercedes-Benz. Daimler currently has a similar component sharing agreement with Pagani Automobili.

Besides powertrains, Daimler will also share its electrical systems and other components with Aston Martin.  Aston Martin has been suffering losses since the past few months, and the deal with Daimler should help it save a significant amount in development costs and help it cut losses. 

Tags:Aston Martin,aston martin rapide,rapide
Show CommentsHide Comments

Aston Martin Rapide Price in Popular Cities

CityOn-Road Prices
New Delhi₹ 4.47 Crores onwards
  • Upcoming Cars

Hyundai VenueHyundai Venue

21st May 2019

8L - ₹ 10L
BMW New X5BMW New X5

May 2019

70L - ₹ 90L
Mahindra TUV300 FaceliftMahindra TUV300 Facelift

May 2019

8L - ₹ 12L
Mercedes-Benz GLE NewMercedes-Benz GLE New

May 2019

65L - ₹ 80L
Maruti Suzuki New Vitara BrezzaMaruti Suzuki New Vitara Brezza

Jun 2019

8L - ₹ 9L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (8 AM - 9 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in