Luxury carmaker to expand partnership with Mercedes and could mean fully electric models by 2026
Aston Martin Lagonda has announced a “game-changing” £1.3bn refinancing package that will hand up to 20% of the company to Mercedes-AMG, as the loss-making British luxury carmaker seeks to revive its flagging fortunes.
The Warwickshire-based firm will expand its partnership with Mercedes, which has pledged to provide £286m worth of hybrid and electric vehicle technology in exchange for increasing its stake from 2.3%.