The appointment of former Nissan executive Andy Palmer as the new CEO of Aston Martin has opened deeper talks between the British car maker and German auto conglomerate Daimler. Reuters is reporting that Daimler boss Dieter Zetsche is “fundamentally open” to deeper talks with Aston Martin so long as Palmer wants to have one.
That appears to be a certainty given Palmer’s attempts to persuade Nissan CEO Carlos Ghosn to invest in Aston Martin when he was still with Japanese manufacturer. Those discussions didn’t amount to anything and many in the industry believe that it was a factor in Palmer jumping ship — or cars — to the British automaker.
Now that he’s with Aston Martin, Palmer’s close relationship with Daimler during his time at Nissan is expected to play a big role in Aston Martin’s dealings with the German luxury car maker.
Daimler already owns five percent of Aston Martin and the two companies have existing engine deals with each other, including a tie-up to develop a new generation of AMG V-8 engines.
Don’t be surprised if talks between the two sides heat up soon. Daimler’s open to it and with Palmer now the CEO of Aston Martin, the pieces are in place for that to happen.
Click past the jump to read more about the Daimler-Aston Martin partnership.
Daimler "Fundamentally Open" to More Stake in Aston Martin originally appeared on topspeed.com on Friday, 12 September 2014 09:00 EST.
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