Article from car guide31 May 2020 09:09
Events this week surrounding Aston Martin’s leadership change (AMG’s Tobias Moers has replaced Andy Palmer as CEO) are designed to turn the beleaguered British brand’s fortunes around. But are they also designed to make Aston Martin a more appealing proposition to Mercedes-Benz for a possible future buy-out?
The two companies have been linked since 2013, when Aston Martin gave the German giant Daimler a five per cent non-voting stake in the British firm as part of its arrangement to use AMG-built engines, transmissions and electrical systems for the current Vantage and DB11.
This puts Mercedes’ parent company in the box seat to take advantage of the current low value of Aston Martin, assuming it can see light at the end of the tunnel.