News Details

Cash concerns for Aston Martin; F1 plan still go

Aston Martin has expressed concerns over cash during the next 12 months, but new investor Lawrence Stroll is confident that their plans to enter Formula 1 will still go ahead. The luxury British carmaker is due to become a fully fledged works team in Formula 1 again from 2021 with Stroll's consortium funding and overseeing the transition from the current Racing Point outfit. But Aston Martin say they do not have ‘sufficient working capital' to be operational for the next 12 months, citing the extraordinary times we find ourselves in as reason for the ongoing financial uncertainty. A company statement said: 'Taking into account the proceeds of the capital raise, the Company is of the...
Full Story »
4y ago from PlanetF1.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...
4y ago from GPFans.com

Future of Aston Martin rescued: Lawrence Stroll joins...

The fact that Aston Martin is also suffering from the coronavirus should...
4y ago from GPBlog.com

Aston Martin still committed to F1 despite potential...

Aston Martin's plans to return to F1 next season as a works outfit are...
4y ago from F1i.com

‘Toto Wolff will join Lawrence Stroll at Aston...

Toto Wolff's days at Mercedes are numbered, at least according to Bernie...
4y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Vinales: Aprilia COTA MotoGP win has ‘different...

Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...
21h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Pourchaire prepared for second IndyCar race if...

Theo Pourchaire is in the middle of his first IndyCar race weekend,...

O’Ward blasts to the top of IndyCar’s opening Long...

The NTT IndyCar Series drivers hit the streets of Long Beach on Friday...
16h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Neuville and Evans tied to a tenth!

Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...
19h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Barcelona, Manchester City 'to battle for 25-year-old...

Barcelona and Manchester City reportedly prepare to battle each other for...
37m ago from SportsMole.co.uk

Top striker wants £250k-a-week salary in order to...

Brentford striker Ivan Toney has informed interested clubs that he wants a...
2h ago from CaughtOffside.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.