Aston Martin to sell 5% stake to Daimler
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Aston Martin to sell 5% stake to Daimler

Aston Martin to sell 5% stake to Daimler

Mercedes-AMG, Daimler's high-performance division, has entered into an agreement with luxury sports car maker Aston Martin to develop a new generation of bespoke V8 engines for the British firm, Reuters has reported. Under the deal, which is due to be finalised before the end of the year, Daimler is to take a non-voting stake of up to 5% in the 100-year-old British firm. Furthermore, Mercedes-AMG will supply engines to Aston Martin, which will also receive electronic components from Daimler's Mercedes-Benz unit, the two firm said.

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