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 »
Full Story »
5y ago from PlanetF1.com
0
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...
5y ago from GPFans.com
Future of Aston Martin rescued: Lawrence Stroll joins...
The fact that Aston Martin is also suffering from the coronavirus should...
5y 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...
5y 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...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez reveals ‘worry’ over Fermin Aldeguer...
Marc Marquez admits rookie Fermin Aldeguer was his biggest concern en...
13h ago from MotorsportWeek.c...
Winners and losers from MotoGP's Austrian Grand Prix
No description available...
17h ago from Motorsport.com
Diogo Moreira targets factory MotoGP spot in potential...
No description available...
15h ago from Motorsport.com
Pecco Bagnaia demands answers from Ducati: “I’m...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Marcus Armstrong will return to Meyer Shank Racing for...
No description available...
10h ago from Motorsport.com
MSR extends Marcus Armstrong contract for 2026 IndyCar...
Meyer Shank Racing announced on Monday that it will keep Marcus Armstrong...
11h ago from MotorsportWeek.c...
Strongest season yet for Pato O’Ward has been...
Pato O’Ward is having the best IndyCar season of his career, and is...
2d ago from MotorsportWeek.c...
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
3d ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
5d ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
6d ago from Motorsport.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Barcelona hero Andres Iniesta once snubbed Lionel...
Barcelona legend Andres Iniesta once snubbed Lionel Messi while naming his...
12h ago from SportsKeeda.com
Arsenal latest: Gunners open to offers for five players
No description available...
12h ago from SkySports.com
“We never spoke” - Arsenal star Riccardo Calafiori...
Arsenal defender Riccardo Calafiori has outlined why he didn't text...
14h ago from SportsKeeda.com
Insider provides worrying Arsenal update amid West Ham...
Arsenal are hoping to make a number of sales between now and the end of...
14h ago from CaughtOffside.com
Comments
Hottest News
Racing star confirms imminent F1 return
A racing star has confirmed that they will return... Read More »
11h ago from GPFans.com
Max Verstappen makes Red Bull U-TURN after fiery team talks
Reigning F1 world champion Max Verstappen has has... Read More »
7h ago from GPFans.com
Lewis Hamilton responds to F1 fan's cheeky dig on social...
Lewis Hamilton has cut a playful persona on... Read More »
6h ago from GPFans.com
