Aston Martin CEO Being Replaced With Mercedes-AMG CEO

Having struggled over the past several months, the coronavirus pandemic has exacerbated problems for Aston Martin. And now there is going to be a major management shake-up at the highest level. According to Reuters, Aston Martin CEO Andy Palmer has decided to step down from his position and will be replaced by Mercedes-AMG CEO Tobias Moers.Aston Martin has not yet released an official statement on the matter, but it is expected shortly.The choice of Tobias to run the legendary UK brand should not come as a big surprise. Mercedes-AMG’s parent company, Daimler, already owns a 5 percent stake in Aston Martin and supplies it with the AMG-built engines, specifically the 4.0-liter twin-turbo V8 found in the Aston Martin Vantage.