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Daimler to Supply Aston Martin Motors for Sports-Car Toehold

Daimler AG will supply high-performance engines to Aston Martin Lagonda Ltd., giving the world’s third-biggest luxury-vehicle maker a wider toehold in the high-end sports car market.

Daimler will over time receive a 5 percent stake in Aston Martin as part of the agreement, depending on the progress of a technical partnership the companies are setting up in a non-cash transaction, the Stuttgart, Germany-based manufacturer said today in a statement. Daimler’s Mercedes-AMG high-performance division will provide the U.K. company with engines, it said.