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Daimler Again Claims Zero Interest in Taking Over Aston Martin

Motor Trend logo Motor Trend 11/13/2014 Megan Stewart
2015 Aston Martin V12 Vantage S Roadster Front Three Quarter View 4© Provided by MotorTrend 2015 Aston Martin V12 Vantage S Roadster Front Three Quarter View 4

It wasn't too long ago that rumors were circulating about Daimler potentially buying Aston Martin, as the two companies confirmed a technical agreement that would supply Aston Martin with AMG V-8 engines in exchange for a percentage of the company.

This time around, more reasons why this purchase won't happen have been revealed. The difference in size between the two companies is enough to give the German automaker pause. Daimler CEO Dieter Zetsche told Automotive News : "I don't think we could do a better job running a 4,000-units-a-year company than Aston Martin's management."

2015 Aston Martin V12 Vantage S Roadster Rear Three Quarter View 1© Provided by MotorTrend 2015 Aston Martin V12 Vantage S Roadster Rear Three Quarter View 1

Currently, Italian tycoon Andrea Bonomi's Investindustrial holds a 37.5-percent stake in the British automaker. Zetsche went on to say that the Italian company felt Aston Martin needed a technical partner for the future success of the company, and added further: "As we share this vision, we were willing to be their technical partner."

While Daimler does have a 5-percent stake in the British automaker, there are no plans for the German automaker to buy Aston Martin. However, the two companies are rumored to be in talks of future exchanges to help Aston Martin bring an SUV to market by 2017. This new model will coincide with plans to upgrade the brand's lineup with the hopes of doubling sales volume by 2018.

Source: Automotive News (Subscription required)

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