Shares of Mercedes-Benz in Aston Martin to Be Increased to 20%

Amidst the pandemic-stricken car industry, things are looking good for Aston Martin. After a cash injection F1 team owner Lawrence Stroll (which netted the billionaire investor 16.7% of the British marque), Mercedes-Benz and Aston Martin have also announced a strategic technology partnership which increases the German carmaker’s share to 20%. 

With this deal, we will see Mercedes-Benz providing Aston Martin with electrified powertrains, as well as other vehicle components and systems. The shares will be issued in several rounds, up to a total of GBP286 million (≈RM1.55 billion). The first round is valued at GBP140 million (≈RM760 million), which would increase Mercedes-Benz’s share to 11.8%.

Mercedes-Benz Head of Product Strategy, Wolf-Dieter Kurz said, “We already have a successful technology partnership in place with Aston Martin that has benefited both companies. With this new expanded partnership we will be able to provide Aston Martin with access to new cutting-edge technologies and components, including next generation hybrid and electric drive systems.

“The supply arrangements for these new technologies will be on agreed commercial terms. We look forward to continuing to work together with Aston Martin and we wish the company every success in its next stage of growth.”

With this deal, there could be more drop dead gorgeous Aston Martins with Affalterbach heart in the engine bay - we are definitely not complaining.