We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Fri 4 Apr 2014 02:10 PM

Font Size

- Aa +

Kuwait-backed Aston Martin in talks with Mercedes-Benz for its first SUV

The report said the project was a one of a number of possible collaborations

Kuwait-backed Aston Martin in talks with Mercedes-Benz for its first SUV

Aston Martin, the British luxury car maker part-owned by Kuwait’s Investment Dar, is in discussions with Mercedes-Benz over building its first SUV and hopes to have the SUV in showrooms within three to four year, it was reported.

The FT said a possible SUV collaboration is one of a number of potential areas of collaboration between Aston and Mercedes. The paper cited people who declined to be identified.

However, an Aston Martin spokeswoman told Reuters that the automaker does not have any such plans. "We do not currently have a plan to add an SUV to the model line-up." She declined to elaborate on product discussions.

"The parties are working to conclude the terms of an additional cooperation for the supply of electric electronic components," Mercedes-Benz, owned by Daimler AG told Reuters.

Daimler Chief Executive Dieter Zetsche told Reuters in January that the company would be open to sharing its GL offroader platform with Aston Martin, and that would depend on Aston's product plans.

Last year, Aston Martin teamed up with Daimler's high-performance Mercedes-AMG GmbH division to develop a new generation of bespoke V8 engines, and its Mercedes-Benz unit for electronic components supply to the British firm.

Daimler in return took a non-voting stake of up to 5 percent in the 100-year-old British firm, which achieved its greatest fame with the 1963 launch of the DB5 sports car featured in early James Bond movies.

Kuwait’s Investment Dar bought its stake in the automaker for £503m ($837m) in 2007.

Arabian Business: why we're going behind a paywall

For all the latest car news & reviews from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.