Report: Daimler once again turns down idea of Aston Martin merger

Aston Martin is known to be getting some resource assistance from Daimler AG and Mercedes-Benz AMG after a recent partnership in parts sharing. This has led some to believe that Daimler AG and Aston Martin might merge, considering Aston is in dire need of a larger partner for support and sustainability after being sold off from Ford to a series of investors not too long ago.

However, Daimler has reportedly said many times that they won’t buy Daimler, and yet, other details and actions have again led some to think otherwise. But recently, Daimler’s CEO, Dieter Zetsche, told AutomotiveNews that Daimler will not buy Aston Martin because of the huge size difference between both companies. Zetsche also said Daimler is most likely not able to run Aston Martin any better than its current management team.

Aston Martin and Daimler signed an agreement in July of 2013 to create a technical partnership, with Daimler gaining a five-percent stake in Aston while Aston gains resources from Mercedes-Benz and AMG’s parts bins, especially for Aston’s new V8 engine. Aston’s current V8 is based off of Jaguar’s AJ-V8.

There are also rumors of a new Aston Martin crossover, which could get its underpinnings from the next-generation Mercedes GL, due sometime in 2017. Though again, this remains to be speculation.

Source: AutomotiveNews