Big Changes Happening At Aston Martin After $660 Million Investment

Stroll owns one of the most valuable Ferraris in the world and also owns the Racing Point F1 team, formerly known as Force India. As part of the deal, Racing Point will be renamed Aston Martin F1 from 2021. The £500 million investment will include £55.5 million of short-term funding to improve the liquidity of the company and ramp up production of the Aston Martin DBX.Aston Martin says the deal will “strengthen its balance sheet to necessarily and immediately improve liquidity and reduce leverage” following “the disappointing performance of the business through 2019.” As part of the investment, Stroll will also become Executive Chairman of Aston Martin, while Dr. Andy Palmer will remain CEO.
Source: carbuzz.com