Engine-Supply Deal Gives Daimler 5% Stake in Aston Martin

Newswire

  FRANKFURT, Dec 19 (Reuters) - Germany's Daimler said it will receive up to a 5 percent stake in luxury sports carmaker Aston Martin in exchange for supplying engines and electronic components to the 100-year-old British firm. Aston Martin will team up with the German car maker's high-performance Mercedes-AMG GmbH division to develop a new generation of bespoke V8 engines for its sports cars. The deal will help Aston Martin, the only global luxury carmaker not attached to a ...

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