Mercedes-Benz has acquired 20% stake from the British automaker. This could mean that when the automotive world goes inevitably to full electric, Aston Martin could still be around.
Aston Martin recently has been suffering financially. The brand is reported to incur operating losses of £229m in 2020 with the pandemic taking some of the blame. Mercedes-Benz aims to help revive the brand by reducing development costs and offering its proven technologies.
This would help Aston Martin reduce costs and risks in developing their own electrified powertrains and systems.
Mercedes-Benz said in a statement. “We already have a successful technology partnership in place with Aston Martin that has benefited both companies. With this newly expanded partnership, we will be able to provide Aston Martin with access to new cutting-edge technologies and components. We look forward to working together with Aston Martin and we wish the company every success in its next stage of growth,”.
It is said that Aston Martin will introduce a new smaller SUV to sit below the DBX. Additionally, its front engined sports cars like the Vantage, DB11 and the DBS Superleggera will all be updated soon.