Aston Martin bailed out by Canadian Billionaire

[Snagglefoot]

Looks like Aston Martin got bailed out.
https://www.cnn.com/2020/01/31/business/aston-martin-bailout-lawrence-stroll/index.html

 

[Snagglefoot]

My name is Bond.....James Bond.

 

[CT8]

A low income person wouldn't be able to bail out Aston Martin .

 

[bullwinkle]

Originally Posted by CT8
A low income person wouldn't be able to bail out Aston Martin .

Ouch-I'm not sure a high income person is either... $75 million immediate cash injection!?!

 

[Bottom_Feeder]

And the F1 rumor mill is saying this may be the beginnings of an official Aston Martin F1 team with Stroll and Toto Wolff running things if Mercedes sells out and leaves.

 

[wemay]

Originally Posted by Bottom_Feeder
And the F1 rumor mill is saying this may be the beginnings of an official Aston Martin F1 team with Stroll and Toto Wolff running things if Mercedes sells out and leaves.


Yup...

https://www.roadandtrack.com/motors...exit-rumor-aston-martin-lawrence-stroll/

 

[Bottom_Feeder]

And now that rumor has been put to an end by this:

"Racing Point is to become the Aston Martin Formula 1 team from the start of 2021 as part of a new investment deal between the British car manufacturer and Lawrence Stroll."

https://www.motorsport.com/f1/news/racing-point-aston-martin-stroll/4678704/

Which mentions nothing about Toto Wolff or the Mercedes F1 team, and that makes way more sense since Stroll already owns some/most/all of Racing Point already. Not sure how someone thought he's buy out Mercedes F1 also. I guess Lance will never have to worry about having a job.