News Details

Stroll turns to bonds to fund Aston Martin's new F1 factory

Article To news overview © Aston Martin With Aston Martin starting construction work on their new factory in September, team owner Lawrence Stroll is aiming to fund the £250 million development through a bond issue. Last month, the team confirmed that work on their new facility on Dadford Road at Silverstone had formally begun. The new development will see the team build a new wind tunnel and simulator, while their facilities will also add on two new buildings. The £100 bonds to raise capital will be issued over the next five years and pay a rate of 7%, and will be used to finance the building of the development. "I am delighted that we will be issuing a bond through the London...
Full Story »
Share

You May Also Be Interested In...

Vettel wouldn't mind a ‘few buttons' to get rid...

With his 2022 plans confirmed, the new spate of questions being thrown at...
2y ago from PlanetF1.com

Russell not yet concerned with Mercedes: 'Bond with...

George Russell will drive for Mercedes in 2022, but the Briton says he is...
2y ago from GPBlog.com

Hamilton still aiming for pole despite grid penalty

Lewis Hamilton has insisted that he's still aiming to secure pole...
2y ago from F1i.com

Russell not thinking about 2022 yet: 'That would be...

George Russell will drive for Mercedes in 2022, but the Briton says he is...
2y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Quartararo: Marquez's Honda exit ‘woke a lot of...

Fabio Quartararo believes Marc Marquez's exit from Honda last term 'woke a...

Popular On IndyCarToday.com

Pourchaire earns second IndyCar outing with Arrow...

Arrow McLaren announced Tuesday morning that Theo Pourchaire will driver...
12h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Mārtiņš Sesks to drive M-Sport Ford Puma Rally1 in...

Latvia’s Mārtiņš Sesks will benefit from the support of WRC Promoter...

Ogier's last-gasp Croatia Rally victory on surprising...

There had been no major incident on WRC Croatia for 17 stages. That...

Popular On GunnersToday.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.