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.

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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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