Aston Martin and Daimler exploring opportunities for future extensive cooperation according to Financial Times Deutschland, citing company sources.

The newspaper speculates that a possible collaboration between the two companies would enable Daimler to use the UK company’s expertise in the production of small volumes. As a first step, Aston Martin could assemble Daimler’s luxury car brand Maybach in England.

In return, the German carmaker could supply Aston with engines and transmissions while both could benefit from economies of scale.

A Daimler spokesman confirmed that talks were ongoing.

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