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Daimler says ready to discuss more cooperation with Aston Martin

Published 09/09/2014, 19:37
Daimler says ready to discuss more cooperation with Aston Martin
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By Edward Taylor

AFFALTERBACH Germany (Reuters) - Daimler is "fundamentally open" to talks on deeper cooperation with Aston Martin's new chief executive, the head of the German luxury carmaker Dieter Zetsche said on Tuesday.

Speaking a week after the British sportscar maker named Nissan executive Andy Palmer as its new boss, Zetsche said Palmer would be missed in Daimler's dealings with Renault-Nissan but a plus in its collaboration with Aston.

"It's now up the new CEO to further develop Aston Martin's strategy," the Daimler chief executive told Reuters when asked about deeper cooperation with privately owned Aston Martin.

"We're fundamentally open to all talks," he said.

Palmer's move adds to an exodus of talent from Nissan and partner Renault but may be a turning point for Aston Martin, already preparing to roll out new models with engines supplied by 4 percent shareholder Daimler.

Palmer had unsuccessfully sought to persuade Nissan's CEO Carlos Ghosn to invest in the sportscar maker before he jumped ship, sources have said.

In May last year Italian tycoon Andrea Bonomi's Investindustrial bought 37.5 percent of Aston Martin in a $241 million (149.6 million pounds) deal with Kuwaiti controlling shareholders Investment Dar and Adeem Investment.

© Reuters. Daimler CEO Zetsche talks during the world premiere of the new Smart ForTwo and ForFour cars in Berlin

Two months later Aston announced a deal to develop a new generation of V8 engines with AMG, the Mercedes high-performance division of Daimler, as well as sharing some electronics.

(Reporting by Laurence Frost; Editing by Greg Mahlich)

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