Daimler Might Buy Aston Martin Sooner or Later
Daimler recently increased its stake with Aston Martin from 4 percent to 5 percent. The numbers may look like a very small figure for the parent company of Mercedes-Benz, but the extra cash would enable the British supercar brand to have more funds for its operations. The recent move of Daimler to buy more shares in Aston Martin fueled further speculations that it might be looking to buy the British carmaker sooner or later. In the previous interview of Dr. Dieter Zetsche regarding the matter, he denied having such plans. He said that their partnership only involve “arm’s length transaction”. In the words of the Daimler CEO, such decision “could… Continue Reading »