Following the signing of a Letter of Intent in July, the two firms have continued to work together, exploring opportunities for co-operation and the further discussions have resulted in the signing of definitive agreements.

The technical partnership will incorporate cutting edge technology and newly developed engines, combining high performance and fuel efficiency.

Daimler will receive up to five percent non-voting shares in Aston Martin without cash consideration in several steps following the progress of the technical partnership. At the same time, the company will receive an observer status on the Aston Martin Holdings board. Moreover, Daimler joins Aston Martin's existing shareholder body that includes Primewagon, Adeem Investment and Investindustrial.

The parties are working to conclude the terms of an additional cooperation for the supply of electric/electronic components. Furthermore, the two groups will investigate additional areas of cooperation in the future.

Despite the German technical partnership, Aston Martin will continue to manufacture all of its sports cars at its Gaydon headquarters in Warwickshire, England.