November 18 2020, Jeff Yeung
Mercedes Extends Aston Martin Partnership for Access to EV and Hybrid Powertrains
After almost a decade of partnership, Mercedes-Benz and Aston Martin are now taking its relationship one step further, with the former gaining more shares in the British automaker in exchange by sharing some of its developed technology. According to reports, the new shares will be granted across numerous stages over the next three years, ultimately pushing the Germany company’s stake in Aston Martin from 2.6 percent to “no more than 20” percent. At current prices, the shares are valued at up to $347 million USD, with roughly $183 million USD...
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