Aston Martin and Mercedes have signed a new technology agreement that could see Mercedes parent company Daimler acquire up to 20 per cent of the British brand, in a step that will see Aston get access to the German company’s most current technologies. 
According to Aston Martin executive chairman Lawrence Stroll, the new agreement indicates Aston will get access to Mercedes developed technology for plug-in hybrid and fully-electric automobiles – the latter currently a substantial segment of Mercedes’ research and development costs, with several new automobile platforms supporting EQ badged electric automobiles on the way.

New Aston Martin Vantage Roadster 2020 review

The deal indicates that access to the Mercedes developed technologies will be traded in exchange for additionally shares in Aston Martin. It indicates Mercedes could own up to 20 per cent of Aston Martin in the years to come. 
Advertisement – post continues below

According to Aston, the deal will allow the company to minimize “the costs and risks of developing” their own next-generation all-electric and hybrid tech, indicating it can “focus its investments in other areas and expand its product portfolio.”
The company is now targeting volumes of 10,000 automobiles sold a year by the 2024/25 financial year. So far in 2020, Aston Martin has delivered 2,752 automobiles – 39 per cent down on 2019 – while operating loss for the year so far stands at £229m. The company aims to have net income of £500m with interest, taxes, depreciation, and amortisation added back by the mid part of the decade.