Cars & Trucks Victoria Status October 29, 2020 at 05:34PM

Mercedes-Benz is taking a big stake in struggling British carmaker Aston Martin.

The carmakers have confirmed in statements that Mercedes-Benz will increase its stake in Aston Martin over the next three years from 2.6% to as much as 20%.
In exchange for the new shares, Aston Martin will get access to Mercedes-Benz technologies and components including next generation hybrid and electric powertrains.
Aston Martin, the favorite ride of fictional British secret service agent James Bond, was in rough shape even before the coronavirus pandemic slammed the auto industry.

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