Canadian billionaire Lawrence Stroll has agreed to buy up to 20% of Aston Martin...
LONDON - Canadian billionaire Lawrence Stroll has agreed to buy up to 20% of Aston Martin and rename his Formula One team after the 107-year-old company famed for being fictional secret agent James Bond’s car of choice.
Aston Martin Chief Executive Andy Palmer said the consortium led by Stroll, who is behind the Racing Point F1 team and owns a fleet of vintage Ferraris, will bring several benefits.“We’ve talked a lot in the past few years about wanting to be clearly rooted in luxury and obviously Mr Stroll knows an awful lot about luxury.”
Under Friday’s agreement, Racing Point will become the Aston Martin F1 works team from the 2021 season. Stroll’s 21-year-old son Lance joined Mercedes-powered Racing Point last year from Williams and has Mexican Sergio Perez as team mate.
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