Aston Martin Wants to Partner on Engine Development

Aston Martin Lagonda Ltd. is in talks with other carmakers, including Daimler AG, about co-developing high-performance engines.

Andrea Bonomi, chairman of U.K. private equity firm Investindustrial, tells reporters in Milan that the British luxury sports car maker aims to reach an engine development agreement with a partner in the next two months.

Investindustrial bought a 37.5% stake in Aston Martin last month for $240 million. Reports at the time indicated the carmaker chose the equity firm because of its promise to work with Daimler's AMG performance unit on components and technology for future Aston Martin models.