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3 years ago

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Mercedes has taken a bigger stake in Aston Martin

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Mercedes has taken a bigger stake in Aston Martin

Aston Martin is to use more technology from Mercedes Benz, in exchange for Mercedes raising its shareholding in the company to 20 per cent.The plan calls for Aston to use Mercedes' engine and hybrid technology and electric systems, as it now does, up to 2027. But it will also gain access to full-electric vehicle tech. Rather than cash payments (Aston doesn't have much cash these days) Mercedes-Benz will get a gradually increasing ownership in Aston Martin Lagonda, up to a 20 per cent maxium.

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Mercedes has taken a bigger stake in Aston Martin

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