It’s been a known fact in the sportscar industry that Aston Martin is in a bit of a financial muddle yet again. Luckily, the British icon has been given another fund-jection as it looks to begin deliveries of the new DBX.
Lawrence Stroll’s consortium has made a £182 million investment to take a 16.7% stake in Aston Martin. Included in the deal is the Racing Point Formula 1 team, which will be re-branded as the Aston Martin F1 team in 2021 when the new regulations come into effect. It’s not just a title sponsorship, it will be fully-fledged works team. Also, Mr Stroll will become AM’s Executive Chairman.
Aston Martin is currently the title sponsor for Red Bull Racing and will see that partnership through till the end of the 2020 F1 season. It will also continue its work on the AM-RB models, especially the Adrian Newey designed Valkyrie.
The British carmaker has been looking to get back into F1 for some time now and it’ll finally get to do so in a works capacity for the first time since 1960. With Racing Point having signed Sergio Perez for another multi-year deal along with Stroll’s son, this could be an interesting team on the 2021 grid. It might even be a podium contender. A personal wish would be to see an epic rivalry between Aston Martin and McLaren on the track. What about you?