PARIS (Reuters) -- Nissan turned down proposals by senior executive Andy Palmer to invest in Aston Martin before Palmer jumped ship to lead the British sports-car maker, sources with knowledge of the matter said.
Palmer, 51, is stepping down as the second-ranked lieutenant of Nissan CEO Carlos Ghosn later this month to become Aston Martin CEO. The move is seen as clearing the way for more cooperation with Mercedes-Benz parent Daimler.
Palmer had tried in 2012 and 2013 to persuade Ghosn, who heads Nissan and alliance partner Renault, to purchase an Aston stake, three people with knowledge of the matter said this week. "We looked carefully at the proposal but we passed on it," one company insider said. The sources would not describe the proposal or the reasons for its rejection.
A Renault-Nissan spokeswoman declined to comment.
At Nissan, Palmer fronted growing cooperation between the luxury Infiniti brand and Daimler, which has a 4 percent stake in Aston Martin and a deal to supply engines and electronics to the British company.
"I'm sure that played a role in bringing him aboard at Aston Martin," said London-based ISI Group analyst Arndt Ellinghorst. "I wouldn't be surprised if that relationship deepened - it only makes sense."