|
Mercedes to buy Aston Martin?
|
|
|
Posted on
Apr 05 2008 7:32 AM
by
adnana
|
Unconfirmed reports from well-placed sources in Germany suggest that Mercedes Benz is looking to buy a substantial stake in Aston Martin.
Rumours of a potential tie-up between the two premium marques originally emerged from Kuwait in February. Adham Charonoglu, of Aston’s Kuwaiti majority shareholder DAR, suggested that Aston and Mercedes could collaborate on a range of ventures, from engine supply to entirely new models.
It now seems that Mercedes-Benz is taking a much more serious interest. And there is a business link; the Kuwaiti Investment Authority hold a seven per cent stake in Daimler AG.
Such a move could also help to secure Aston’s long-term future. A small company like Aston needs to buy in major components from a major automotive brand like Mercedes to remain financially viable.
|
|
No comment found for this blog
|
|