There were rumours that Benz was to increase its stake in Aston Martin.
They currently hold a 5% stake in the British carmaker.
AMG and Aston Martin’s relationship dates back to 2013.
Aston Martin and Mercedes-Benz, and AMG, have built a beneficial relationship that ranges from road- to racecars. So far this year, not only has Moers switched camps but AMG F1 boss Toto Wolff has apparently purchased Aston Martin shares, and this, following Lawrence Stroll becoming the majority shareholder.
Everything here seemed to indicate that Mercedes-Benz, and AMG, were very much considering a takeover of the British sports car manufacturer but, according to autocar.co.uk, no such transaction is in the works.
Mercedes-Benz CEO Ola Källenius has denied these rumours saying: “No, we’re not going to take industrial control of Aston Martin. But we have a very successful co-operation with Aston Martin and that will continue,” Mercedes-Benz recently announced fixed cost-cutting measures set to be executed between now and 2025. In this respect, a takeover would ago against these plans.
At one point in the past, Mercedes-Benz had considered using Aston Martin to build bespoke Maybach models however this never happened despite the apparent existence of a secret concept that has never been publicly shown.