Aston Martin and Daimler sign technical partnership agreements

        Aston Martin and Daimler sign technical partnership agreements

PR Newswire

STUTTGART, Germany and GAYDON, England, Dec. 19, 2013

STUTTGART, Germanyand GAYDON, England, Dec. 19, 2013 /PRNewswire/ --

  oSupply and development agreements for engines signed
  oElectric/Electronic (E/E) component supply planned
  oDaimler to receive up to 5% equity in Aston Martin

Daimler AG and Aston Martin Lagonda Ltd. have signed an agreement for a
significant technical partnership between Daimler, Mercedes-AMG GmbH, a 100%
subsidiary and high-performance brand of German automotive corporation Daimler
AG, and Aston Martin.


Following the signing of a Letter of Intent in July this year, the two
companies have continued to work together, exploring opportunities for
co-operation and these discussions have resulted in the signing of definitive

The technical partnership will allow Mercedes-AMG and Aston Martin to develop
bespoke V8 engines supporting Aston Martin's launch of a next generation of
models that will incorporate cutting edge technology and newly-developed
engines, combining high performance and fuel efficiency.

Daimler will receive up to five percent non-voting shares in Aston Martin
without cash consideration in several steps following the progress of the
technical partnership. At the same time, the company will receive an observer
status on the Aston Martin Holdings board. Daimler joins Aston Martin's
existing shareholder body that includes Prime Wagon, Adeem Investment and

The parties are working to conclude the terms of an additional cooperation for
the supply of electric/electronic (e/e) components. Furthermore, the two
groups will investigate additional areas of cooperation in the future. Aston
Martin will continue to manufacture all of its sports cars at its Gaydon
headquarters in Warwickshire, England.

Tobias Moers, Chairman of the Management Board of Mercedes-AMG GmbH: "By
signing the Umbrella Agreement and the Engine Agreement both parties have
agreed to this technical partnership: Mercedes-AMG will provide the British
icon Aston Martin with engines for their forthcoming sports cars. At our
company´s headquarters in Affalterbach we are proud to work with Aston Martin
– this agreement is a real win-win situation for both sides."

A spokesperson for the Aston Martin board said: "Our company is this year
celebrating its centenary, and the partnership agreed today underpins
prospects for Aston Martin's bright, vibrant and dynamic second century in the
sports car business. This strategic collaboration for Aston Martin will, in
our next generation of luxury sports cars, offer our customers increased
performance and state-of-the-art features whilst retaining the unique
character and style of an Aston Martin."

Further information from Daimler is available at: and

This document contains forward-looking statements that reflect our current
views about future events. The words "anticipate," "assume," "believe,"
"estimate," "expect," "intend," "may," "plan," "project," "should" and similar
expressions are used to identify forward-looking statements. These statements
are subject to many risks and uncertainties, including an adverse development
of global economic conditions, in particular a decline of demand in our most
important markets; a worsening of the sovereign-debt crisis in the euro zone;
a deterioration of our funding possibilities on the credit and financial
markets; events of force majeure including natural disasters, acts of
terrorism, political unrest, industrial accidents and their effects on our
sales, purchasing, production or financial services activities; changes in
currency exchange rates; a shift in consumer preference towards smaller, lower
margin vehicles; or a possible lack of acceptance of our products or services
which limits our ability to achieve prices as well as to adequately utilize
our production capacities; price increases in fuel or raw materials;
disruption of production due to shortages of materials, labor strikes, or
supplier insolvencies; a decline in resale prices of used vehicles; the
effective implementation of cost-reduction and efficiency-optimization
measures; the business outlook of companies in which we hold a significant
equity interest; the successful implementation of strategic cooperations and
joint ventures; changes in laws, regulations and government policies,
particularly those relating to vehicle emissions, fuel economy and safety; the
resolution of pending governmental investigations and the conclusion of
pending or threatened future legal proceedings; and other risks and
uncertainties, some of which we describe under the heading "Risk Report" in
Daimler's most recent Annual Report. If any of these risks and uncertainties
materialize, or if the assumptions underlying any of our forward-looking
statements prove incorrect, then our actual results may be materially
different from those we express or imply by such statements. We do not intend
or assume any obligation to update these forward-looking statements. Any
forward-looking statement speaks only as of the date on which it is made.

About Daimler
Daimler AG is one of the world's most successful automotive companies. With
its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler
Buses and Daimler Financial Services, the Daimler Group is one of the biggest
producers of premium cars and the world's biggest manufacturer of commercial
vehicles with a global reach. Daimler Financial Services provides financing,
leasing, fleet management, insurance and innovative mobility services.

The company's founders, Gottlieb Daimler and Carl Benz, made history with the
invention of the automobile in the year 1886. As a pioneer of automotive
engineering, Daimler continues to shape the future of mobility today: The
Group's focus is on innovative and green technologies as well as on safe and
superior automobiles that appeal to and fascinate its customers. For many
years now, Daimler has been investing continually in the development of
alternative drive systems with the goal of making emission-free driving
possible in the long term. So in addition to vehicles with hybrid drive,
Daimler now has the broadest range of locally emission-free electric vehicles
powered by batteries and fuel cells. This is just one example of how Daimler
willingly accepts the challenge of meeting its responsibility towards society
and the environment. Daimler sells its vehicles and services in nearly all the
countries of the world and has production facilities on five continents. Its
current brand portfolio includes, in addition to the world's most valuable
premium automotive brand, Mercedes-Benz, the brands smart, Freightliner,
Western Star, BharatBenz, Fuso, Setra and Thomas Built Buses. The company is
listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange
symbol DAI). In 2012, the Group sold 2.2 million vehicles and employed a
workforce of 275,000 people; revenue totaled €114.3 billion and EBIT amounted
to €8.6 billion.

SOURCE Daimler Corporate Communications

Contact: Han Tjan, Daimler, +1 212 909-9063; Hendrik Sackmann, Daimler, +49
711 17-35014; Sofia Stauber, Mercedes-AMG, +49 7144 302-581; Janette Green,
Aston Martin, +44 7766 471555; Sarah Calam, Aston Martin, +44 7795 240989
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