Aston Martin CEO Andy Palmer says the Gaydon-based brand needs a "big brother" to survive as a relatively low-volume automaker.
Speaking to Automotive News Europe, Palmer suggested that Aston Martin was seeking a tie-up with a larger automotive player.
"We are making a new kind of a company, a company that can survive on 7 000 to 14 000 very highly priced, very profitable cars a year, but it can survive because of its partnerships," Palmer said.
"It can be very profitable on that 7 000 to 14 000 cars a year, but only by having a big brother that can help it out," he explained.
Daimler, the German multinational that owns Mercedes-Benz, currently holds a five percent stake in the British automaker, with Mercedes-AMG and Aston Martin having entered a technical partnership back in 2013. However, Palmer wasn't specific about which automaker he planned to make a "big brother".
Aston Martin recently reported a record full-year financial performance, driven by strong demand for its DB11 and special models.
For the 12 months to 31 December 2017, the automaker delivered its highest-ever revenues of ?876-million, up 48% on 2016. The improved financial performance reflected an increase in wholesale volumes to 5 098 units, Aston Martin?s highest full-year sales volumes in nine years.
Ryan has spent most of his career in online media, writing about everything from sport to politics and other forms of crime. But his true passion – reignited by a 1971 Austin Mini Mk3 still tucked lifeless in a dark corner of his garage – is of the automotive variety.