30 May 2024
Wolff buys into Aston Martin
"It is a financial investment"
Toto Wolff has bought a stake in Aston Martin.
The British car company, whose new executive chairman Lawrence Stroll also acquired a major stake recently, will become the new identity of Stroll’s Racing Point team from 2021.
However, a spokesman for Wolff said the Austrian will remain Mercedes’ team boss.
"It is a financial investment and Toto’s partnership and executive roles with Mercedes are unaffected by the transaction," he said.
The spokesman said Wolff’s Aston Martin stake will be just under 1 per cent, with reports estimating the value at about $46 million.
Mercedes F1
Search
Formula 1 news
1 June 2024
New highly armoured homes to protect Schumacher’s privacy
31 May 2024
Indycar option emerges for Mick Schumacher
31 May 2024
Ferrari ’very satisfied’ even without Newey - Vasseur
31 May 2024
Magnussen won’t need to ’look after me’ - Bearman
30 May 2024