News Details
Stroll announce further investment in Aston Martin
British carmaker Aston Martin announced on Monday its plan to sell its minority stake in the Aston Martin Aramco Formula One team to help turn around its loss-making core business. Last month, Aston Martin announced plans to cut 170 jobs, roughly 5% of its global workforce, after swinging to a loss in the fourth quarter. As a result of its financial struggles, the British luxury carmaker has now announced that it will raise more than £125 million ($161.7 million) through funding from Chairman Lawrence Stroll’s investment. In August 2018, Stroll led a consortium of investors in buying the assets of the defunct Force India Formula One team. The team was renamed Racing Point, and as a new...
Full Story »
Full Story »
1d ago from F1Technical.net
0
You May Also Be Interested In...
Aston Martin to sell minority stake in F1 team to...
©AstonMartin Phillip van Osten
31/03/2025 at 08:4731/03/2025 at 09:37 In...
2d ago from F1i.com
Aston Martin reaffirms long-term F1 commitment despite...
Aston Martin has insisted it has an "unwavering and long-term...
2d ago from MotorsportWeek.com
Aston Martin sale confirmed as Stroll issues statement
Aston Martin are set to sell their minority stake in the Aston Martin...
1d ago from GPFans.com
Liam Lawson AXED by Red Bull as official team...
A statement from Red Bull team boss Horner has confirmed that Liam Lawson...
6d ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Le Mans remains on MotoGP calendar until 2031
Le Mans will remain the French Grand Prix venue on the MotoGP calendar...
2h ago from MotorsportWeek.c...
Francesco Bagnaia leaves COTA MotoGP ‘more...
Former MotoGP race winner Carlos Checa believes Francesco Bagnaia leaves...
6h ago from MotorsportWeek.c...
Francesco Bagnaia reveals new mindset following...
Francesco Bagnaia revealed more about his new mindset after completing an...
1d ago from MotorsportWeek.c...
Marc Marquez proves he’s ‘still human’ after...
Marc Marquez says he is “not a disaster” despite crashing out of a...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
The difficult transition from Indy NXT to IndyCar is...
No description available...
1h ago from Motorsport.com
New livery revealed for Kyle Larson's Indy 500 / Coke...
Kyle Larson will be attempting to compete in IndyCar’s Indianapolis 500...
2h ago from MotorsportWeek.c...
Kyle Larson's McLaren-Hendrick paint schemes revealed...
No description available...
2h ago from Motorsport.com
Ex-IndyCar President Jay Frye joins RLL as team...
Rahal Letterman Lanigan Racing announced on Tuesday that Jay Frye has...
22h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Evans wins brutal Safari Rally to boost WRC title bid
No description available...
1w ago from Motorsport.com
Elfyn Evans bags the big game on Safari
Elfyn Evans and Scott Martin claimed their maiden Safari Rally Kenya...
1w ago from MotorsportWeek.c...
Katsuta loses fifth after dramatic final-stage Safari...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal chief Andrea Berta 'holds discussions' over...
Arsenal's new sporting director Andrea Berta reportedly holds talks with...
56m ago from SportsMole.co.uk
This Arsenal star will get the chance to make himself...
We don’t yet know the extent of the injuries to Gabriel, Timber and...
1h ago from CaughtOffside.com
Arsenal latest: Gunners 'working on deal for Williams'
No description available...
1h ago from SkySports.com
Andrea Berta meets with agent of 58m Arsenal transfer...
Arsenal are preparing for a major assault on the market in the summer,...
2h ago from CaughtOffside.com
Comments
Hottest News
Helmut Marko hints Adrian Newey was obstacle to Yuki...
Adrian Newey was a potential obstacle to Yuki... Read More »
1h ago from MotorsportWeek.com
Verstappen 'opportunity' arises with McLaren driver issues
Helmut Marko has suggested that McLaren’s... Read More »
45m ago from GPFans.com
Sergio Perez spills details on Red Bull exit as he reveals...
Sergio Perez has claimed that his firing from... Read More »
5h ago from MotorsportWeek.com
