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Aston Martin confirms investors talks amid Racing Point's Lawrence Stroll link

The British car maker could have Racing Point's co-owner as his new shareholder.

1y ago

Aston Martin has confirmed talks with potential investors amid rumours of interest from Lawrence Stroll, co-owner of Racing Point F1 Team.

There were reports last week in the media, especially from Racefans.net, of interest from Stroll to invest in British car brand Aston Martin. It wasn't clear if he is looking for majority shares and or limited one to work together with the existing shareholders.

The talks of potential investors was confirmed by Aston Martin on Friday, so as to build a long-term relationship and penetrate a big market. "The Company confirms that is reviewing its funding requirements and various funding options," the statement read.

"It is also engaged in early stage discussions with potential strategic investors in relation to building longer term relationships which may or may not involve an equity investment. A further announcement will be made as and when appropriate."

While Racing Point's Stroll's name is at the forefront but fresh reports link to potential investors within Middle East, India and China, as well. The news comes at an interesting time when Aston Martin is already partnering up with Red Bull Racing.

It enhanced its association recently but it remains to be seen how the dynamics change, especially if Stroll gets in, since he already co-owns Racing Point F1 team. The relation with Red Bull is quite strong as Adrian Newey helped in the development of Valkyrie.

In anycase, it is too early to lay down the outcome of any deal and only time will tell if and how things turn out to be. If at all Stroll gets in, he will certainly want Aston Martin to tie-up with his own F1 outfit rather than a rival team.

[Image courtesy: Red Bull Content Pool] [Note: This story was also written by me on FormulaRapida.net]

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