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Racing Point to be Aston Martin in 2021
Jan.31 Racing Point will become the works Aston Martin team in Formula 1 from 2021. The British luxury carmaker, which has struggled financially in 2019, has agreed an initial $237 million buy-out deal with Racing Point owner and billionaire Lawrence Stroll and a consortium. Aston Martin confirmed that Racing Point will be renamed Aston Martin for 2021 and beyond, with Stroll - whose son Lance drives for the team - joining the carmaker's board. "Today's fundraising is necessary and provides a platform to support the long-term future of the company," said Aston Martin CEO Andy Palmer. It is believed Aston Martin will stop being Red Bull's title sponsor after this season....
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5y ago from OneStopStrategy.com
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