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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.

This Aston Martin DBS has lived in a barn since 1986

For a moment, think of every major event that has occurred in your life since 1986 (if you're old enough, of course). Many birthdays have come and gone, children have grown to become adults, and we went from listening to "Rock Me Amadeus" to well... Justin Bieber. In a nutshell, things have changed quite a bit, but not for everything. In 1986, this Aston Martin DBS was rolled into a barn and locked safely away from prying eyes, and for the last 30 years, that is exactly where it has remained, until now. The dusty yet gorgeous Aston will cross the Silverstone Auctions block in May, where it's expected to fetch upwards of GBP60,000 (about $87,000). New in 1968, it would have cost about GBP4,470. RELATED: See More Photos of this Barn Find Aston Martin DBS Few words can describe the emotional weight of these barn find images, but "haunting" seems to fit. The Aston's three decades of shed isolation have written their story across its fastback bodywork, which now comes layered thick with dust, dirt, and a spot of bird dirt or two. Peer beneath the grime though and the DBS still wears its original coat of Mink Bronze paint. Inside the grand tourer's cabin, time has stood equally still, however the elements have been a bit less fair. The rich leather front seats and upholstery have grown grey and mottled with age. And while no one has sat in the back seat of this DBS for ages, it would appear critters haven't long given up roost there. Even so, it's utterly jaw-dropping to see in its untouched state. RELATED: Check Out James Bond's Actual 1964 Aston Martin DB5 According to the auction house, the Aston Martin was sold new on November 5th, 1968, to its first owner in Surrey, England, who held onto it for a little under two years. In April 1970, the DBS passed to its second owner—a 'Mr. Pasqua'—who relocated the car to the island of Jersey (the largest of the UK's Channel Islands). For the next 16 years it would accumulate a scant number of miles before getting tucked away in a barn on the island, and to this day, the odometer reads just 30,565 miles driven. Then again, how far can you really drive on an island that's only five miles wide and eight miles long. RELATED: This '66 Porsche Barn Find Looks Ravishing in Red As for its model history, the DBS was the rather radical successor to the storied and much more sweeping Aston Martin DB6.

U.S. issues new tariff threat, this time against British-built cars

WASHINGTON — Britain is the United States' closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain's exit from the European Union. U.S. Treasury Secretary Steven Mnuchin said on Saturday in London that he was optimistic that a bilateral deal with Britain could be reached as soon as this year. But Mnuchin gave up no ground after a second meeting with his UK counterpart, Sajid Javid. Javid has insisted that Britain will proceed with a unilateral digital services tax, despite a U.S. threat to levy retaliatory tariffs on British-made autos. Mnuchin told reporters after Saturday's meeting that such taxes would discriminate against big U.S. tech companies like Alphabet Inc's Google, Apple, Facebook and Amazon. The UK Treasury declined to comment on the private meeting. The divide highlights the challenges ahead as the Trump administration seeks a new bilateral agreement with Britain, part of a broader push to rebalance relations with nearly all its major trading partners. The stakes are high — British Prime Minister Boris Johnson has pegged the trade deal with United States as a way to ease the pain of breaking with Europe, Britain's largest trade partner. U.S. President Donald Trump, has promised a "massive" trade deal to support Brexit, the product of a populist movement similar to his "America First" agenda. The goodwill and special relationship the two countries have enjoyed for decades may not count for much, experts say. "Trump is not going to be doing Johnson any favors," said Amanda Sloat, a senior fellow with the Brookings Institution in Washington. "He's not going to give him a trade deal without major concessions." Even before the digital tax issue arose, the Trump administration threatened to tax foreign car imports, which could hit British-made Jaguar, Land Rover, Mini, and Honda Civic hatchback cars. Stiff U.S. trade demands include increased access for U.S. farm goods, concessions that will be difficult for Britain's entrenched natural food culture to swallow. The United States also wants Britain to change the way its National Health Service prices drugs and allow in more U.S. pharmaceuticals, which could prove politically unpopular for Johnson's government. Washington's demand that London block Chinese telecoms equipment maker Huawei Technologies Co Ltd for national security reasons could also cloud talks.