News Details

Aston Martin still committed to F1 despite potential cash shortfall

Aston Martin's plans to return to F1 next season as a works outfit are still on track despite the manufacturer warning that it did not have sufficient "working capital" to meet its requirements for the next 12 months. In a series of announcements released on Monday evening, Aston Martin confirmed that Racing Point F1 owner Lawrence Stroll will take over as executive chairman of the company on April 20. In January, the cash-strapped luxury automobile manufacturer announced that a consortium of investors led by Stroll would acquire a stake of up to 20 percent in the troubled automaker whose dire financial situation has forced it to seek outside investment. Wolff denies reports of...
Full Story »
5y ago from F1i.com 0
Share

You May Also Be Interested In...

Aston Martin F1 works team plans in place despite cash...

Lawrence Stroll is adamant his plans for Aston Martin to enter a works...
5y ago from GPFans.com

Wolff denies reports of receiving Aston Martin offer

Mercedes team principal Toto Wolff has flatly denied reports that he has...
5y ago from F1i.com

Wolff: I won't be CEO of Aston Martin

Mercedes boss Toto Wolff has shot-down speculation he is set to become...
5y ago from GrandPrix247.com

Ecclestone: "More than likely" Wolff will...

Bernie Ecclestone believes Mercedes Formula 1 boss Toto Wolff is poised...
5y ago from GPFans.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500

Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...

RLL locks in Louis Foster with extended IndyCar...

Rahal Letterman Lanigan Racing has announced an extension to its contract...

Popular On TotalWRC.com

Popular On GunnersToday.com

Man United have ‘smart and tactically astute’...

Manchester United are interested in signing Nathaniel Brown from Eintracht...
1h ago from CaughtOffside.com

Liverpool motivated to sign Arsenal & Chelsea...

Liverpool are interested in signing Antoine Semenyo from Bournemouth. ...
3h ago from CaughtOffside.com

Hamstring injury could rule out Arsenal’s Gabriel...

t;li>Defender was injured playing for Brazil against SenegalHavertz has...
1h ago from TheGuardian.com

Brazil issue fresh injury update on Gabriel Magalhaes...

The Brazil national team has issued a statement with regards to the injury...
9h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.