Mercedes-Benz AG and Aston Martin to expand technology partnership and shareholding; hybrid and electric powertrains
Green Car Congress
OCTOBER 28, 2020
Mercedes-Benz AG and Aston Martin Lagonda Global Holdings plc announced a new strategic technology agreement and an enhanced partnership. Access to these technologies will be granted in exchange for new shares in Aston Martin, issued in several stages over the next 3 years, up to a total value of £286 million (US$373 million). of Aston Martin’s common equity. In return, Mercedes-Benz AG received an equity participation of 5% in Aston Martin.