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Aston Martin F1 plans going ahead despite financial concerns

Aston Martin’s rebrand of the Racing Point Formula 1 team will go ahead as planned in 2021, despite continued uncertainty and concerns over the car company’s financial situation. A consortium led by Canadian business and Racing Point owner Lawrence Stroll bought a stake in Aston Martin in January, which will see the British luxury sportscar manufacturer return to F1 as a fully fledged works outfit. The firm has been struggling financially recently and has been hit hard by the impact of the ongoing coronavirus pandemic, but it was hoped Stroll’s investment would help alleviate those fears. On Monday, the shareholders of Aston Martin Lagonda approved a £536million fundraising,...
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