Mercedes Benz Cars AG announced on Tuesday that they have expanded their technical partnership with Aston Martin Lagonda that will not only provide Aston Martin with access to new Mercedes Benz technology but will also see Mercedes Benz increase their shareholding of up to maximum of 20.0% over the next three years.
The news comes as the Aston Martin brand prepares to enter Formula One following Racing Point’s rebrand in 2021.
Speaking about the news, Wolf-Dieter Kurz, Head of Product Strategy with Mercedes Benz Cars commented saying:
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.”