22 April 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
22 April 2024
2025 F1 ’silly season’ nearing boiling point
20 April 2024
Perez admits pushing for two-year Red Bull deal
19 April 2024
Marko ’surprised’ by ongoing three-year Mercedes slump
19 April 2024
As ’new Kimi’ tests F1, Raikkonen’s son also on F1 road
More on Mercedes F1
Search
Formula 1 news
25 April 2024
Fresh chassis ’psychological’ for Ricciardo - Marko
25 April 2024
F1 governing body threatens to leave France
25 April 2024
F1 CEO hits back at drivers’ schedule gripes
25 April 2024
Audi agrees three-year deal with Hulkenberg - report
25 April 2024