It seems that Aston Martin’s owner Investindustrial and Mercedes-Benz parent company Daimler are moving closer to a decision on the development of a new luxury SUV, as according to a Bloomberg report citing “people familiar with the matter”, the two companies are currently holding talks on the subject.

Even if a decision is made, Aston Martin’s SUV isn’t expected to arrive in the market for another three years, with the news site’s sources stating that the British carmaker is still considering its options on “whether to use its own technology to develop a crossover”.

Late last year, Daimler agreed to acquire up to 5 percent of Aston Martin, as part of a broader deal to supply the British company with engines and technology. Previous rumors suggested that if Aston Martin came to an agreement with Daimler, it would build its SUV on the underpinnings of the Mercedes GL series.

By John Halas

Note: 2009 Aston Martin Lagonda crossover concept pictured

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