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Aston Martin signs Letter of Intent for technical partnership with AMG

A little over two months ago came reports that Daimler and Aston Martin were in talks, again, about "supply and technical-cooperation agreements." The next step has been taken with Aston Martin announcing that it has signed a Letter of Intent that looks "towards a technical partnership" with Mercedes-AMG GmbH, and the two companies aiming to have definitive agreements done by year's end.
While it will get to use certain electric and electronic components from AMG, the true golden egg for the maker of the Vanquish will be the ability to develop a new line of "bespoke V8 powertrains" that will be fitted to "a new generation of models." In return for opening up the larder, Daimler will get a non-voting stake of up to five percent of Aston Martin.
Nothing else is being said about the tie-up for the moment, but there's a press release below with a few more details.

Trump reportedly says he wants to wipe German cars off the U.S. map

BERLIN/FRANKFURT — A report that U.S. President Donald Trump has threatened to pursue German carmakers until there are no Mercedes-Benz rolling down New York's Fifth Avenue dented shares in the luxury car manufacturers on Thursday. An excerpt from German magazine Wirtschaftswoche's article, which cited several unnamed European and U.S. diplomats but did not include any direct quotes, could not be independently verified, while a U.S. Embassy spokesman in Berlin referred questions to Washington. The news and current affairs magazine said Trump had told French President Emmanuel Macron in April that he aimed to push German carmakers out of the United States altogether. Macron's administration in Paris declined to comment on the report. The Trump administration last week opened a so-called Section 232 trade investigation into vehicle imports, which could result in a 25 percent tariff on cars on the same "national security" grounds Washington used to impose metals duties in March. This could destroy exports by German carmakers, which control 90 percent of the U.S. premium market and are the biggest European Union exporters of cars to the United States. BMW owns Rolls-Royce, while Daimler has Mercedes-Benz, and Volkswagen controls Bentley, Bugatti, Porsche and Audi. Daimler, BMW and Audi declined comment. Porsche was not immediately available for comment. BMW shares were trading 0.5 percent lower at 0939 GMT, while Daimler and VW's shares were down 1 percent and 1.6 percent respectively, underperforming Germany's blue-chip DAX. Trump has railed against German carmakers before. And in early 2017, in an interview with German newspaper Bild, he said he would impose 35 percent tariffs on imported cars. At the time, the president called Germany a great car producer but said that the business relationship with the United States was an unfair one-way street. Germany's auto industry association VDA says its members exported 657,000 vehicles to North America last year, with total exports of vehicle components, cars, engines, as well as second-hand vehicles totaling 31.2 billion euros in 2016. Imports from the United States to Germany amounted to 7.4 billion euros, meaning a trade deficit of 23.8 billion euros the VDA's latest available figures show. However, German brands also have huge factories in the United States, where they built 804,000 cars last year, VDA said, providing jobs for U.S. workers. Berlin has reacted angrily to the U.S.

Mercedes previews autonomous Vision Tokyo concept

Mercedes is bringing a new concept car – or concept something at any rate – to the Tokyo Motor Show this year. The upscale German automaker is not telling us much about its latest show car at this point. However, it has released the solitary teaser image above to keep us on our toes for a little while longer. Billed as "a vision for future generations," the Mercedes-Benz Vision Tokyo concept appears to take the form of some sort of futuristic minivan - the kind you'd expect to see in some movie set years from now. Beyond that, we don't know much, but the Silver Star automaker describes the creation as "autonomous, luxurious and progressive" all at once. Expect it, then, to build on the F 015 Luxury in Motion concept presented at the beginning of the year at the Detroit Auto Show, and adopt an equally unusual silhouette, propelling itself (and its blissful occupants) in a self-driving cocoon of high-tech luxury. Don't be surprised to find some sort of alternative propulsion under the hood as well, be it a hybrid, full electric, or hydrogen fuel cell vehicle. The Tokyo show is typically populated mostly by Japanese automakers and their latest wares, and with so many of the country's own manufacturers lining up new debuts, this edition will be no exception. This year's expo, though, also appears to be attracting some foreign attention. In addition to this Mercedes concept, Mini will be showcasing its new convertible model for the first time at the show. Watch this space for more on the Benz concept as well as our full coverage of the show from our team of editors on the ground at the Tokyo Big Sight exposition center. News Source: Mercedes-Benz via Facebook Tokyo Motor Show Mercedes-Benz Technology Minivan/Van Concept Cars Tokyo 2015