When InvestIndustrial took a stake in Aston Martin, rumours already indicated that this could indicate a future partnership with AMG, because InvestIndustrial’s ties with the German company. This week, an official Aston Martin press release confirmed the rumours: Aston Martin and AMG have signed a letter of intent, agreeing that Aston Martin will get access to AMG V8 powertrains and electric/electronic architecture components, in exchange for a 5% stake in the Aston Martin company.
According to this morning’s Bloomberg post, Aston Martin is talking with Daimler AG “and other manufacturers” about jointly developing high-end engines and other electronic parts. Andrea Bonomi, Investindustrial’s chairman, said that they’re aiming to reach an agreement within 2 months. I’m all for it. More modern V8 and V12 engines are very welcome, if only to make them more fuel-efficient and to reduce CO2 emissions. Let’s hope they will also discuss creating a better automatic, preferably double-clutch gearbox (at the top of my wish list for future Astons).
Aston Martin has just announced that InvestIndustrial has purchased 37.5% of Aston Martin from Investment Dar.