Mercedes Benz is increasing its stake in Aston Martin as part of a new technology deal that promotes cooperation among automakers. In the deal, Mercedes Benz will eventually own up to 20% of the legendary British car company, which will be able to use Mercedes Benz’s hybrid, electric vehicles and other technologies for its sports cars and SUVs. < / P > < p > Mercedes Benz and Aston Martin signed an agreement as early as 2013, in which it obtained the right to use electronic products such as AMG V8 engine and Mercedes Benz infotainment system in return for its 5% stake at that time. Now, Aston Martin says that starting this year, it requires access to other engines and powertrain systems developed by Mercedes Benz, as well as powertrain software, electrical architecture and “various other components” of its models. This includes hybrid and all electric drivelines. < / P > < p > in return, Mercedes Benz will receive a large number of new shares of Aston Martin in the next three years. The first stake, worth 140 million pounds, will give Mercedes an 11.8% stake. In addition, the two automakers will negotiate about which other technologies will be traded and their value. The total value of the new shares has been set at 286 million pounds (364 million pounds), bringing Mercedes Benz’s stake to 20%. The automaker said it had “no intention of raising its stake above that level”. < / P > < p > “we have established a successful technical partnership with Aston Martin, which has benefited both companies,” said Wolf Dieter Kurz, head of automotive product strategy at Mercedes Benz, referring to the new agreement. “As the new partnership expands, we will be able to provide Aston Martin with new advanced technologies and components, including the next generation of hybrid and electric drive systems. The supply of these new technologies will be arranged in accordance with agreed commercial terms. ” < / P > < p > this is a huge step forward for Aston Martin as the company continues to face the challenges of the global economy and the pure cost of developing top sports cars. The agreement will mean the acquisition of conventional, hybrid and electric vehicle power systems, which the automaker said it plans to use in products up to 2027. < / P > < p > the deal also “eliminates the costs and risks associated with developing these technologies,” the British automaker notes, “enabling Aston Martin to focus on other areas and expand its product portfolio.” < / P > < p > the company’s first SUV, the Aston Martin DBX, started mass production earlier this year, and the San Arsene plant, which produces new models, is now clearly running at full capacity. In the past few months, the company has begun to deliver the car to customers, and it has yet to launch hybrid or electric vehicles. Skip to content