Tuesday, October 7, 2014

Mercedes rules out a takeover of Aston Martin

Mercedes rules out a takeover of Aston Martin

Rumors of an Aston Martin takeover have been swirling for months but Daimler Chairman Dr. Dieter Zetsche has downplayed the possibility.

Speaking on the sidelines of the Paris Motor Show, Zetsche told Autocar the company has "no plans to increase our stake [in] or takeover” Aston Martin. The executive went on to say such a move would carry risks and could distract them from their core business.

While Zetsche didn't seem too interested in buying Aston Martin, he has previously said the company is "fundamentally open" to a deeper partnership with British luxury marque.

Regardless of what the future holds, Aston Martin and Daimler have already signed an agreement which calls for AMG to develop a bespoke V8 engine for use future models such as the next-generation V8 Vantage.

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