x

International

Aston Martin Returns to F1 in 2021 after Major Takeover

April 1, 2020

SILVERSTONE, England — Aston Martin will return to Formula One next year following a takeover worth nearly $1 billion.

The Racing Point team, which is owned by Lawrence Stroll, will be rebranded in 2021 after the Canadian billionaire completed a takeover of the British-based car manufacturer.

Racing Point said in a statement on Wednesday that the shareholders of Aston Martin Lagonda approved a fundraising of 536 million pounds ($664 million) on Monday, underpinned by an injection of 260 million pounds ($322 million) from investors led by Stroll.

He now becomes executive chairman of Aston Martin, which will have its own F1 team for the first time since 1960.

“A brand with the pedigree and history of Aston Martin needs to be competing at the highest level of motorsport,” Stroll said.

Stroll’s 21-year-old son, Lance Stroll, currently races for Racing Point alongside veteran driver Sergio Perez.

The Aston Martin team will continue to operate from its Silverstone base.

___

More AP racing: https://www.racing.ap.org and https://twitter.com/AP_Sports

RELATED

BELGRADE, Serbia — Novak Djokovic returned home Monday after being thwarted from defending his Australian Open title only to face a new predicament: He could be barred from the French Open this year, too, if he’s still not vaccinated against COVID-19.

Top Stories

Politics

ANKARA - Turkey's swiveling between offering diplomacy or gunboats and demands that Greece take troops off its islands near Turkey's coast is roiling the waters between the countries and plans to hunt for energy.

United States

NEW YORK – Grammy-nominated artist Eric Alexandrakis announced his latest release due out on February 1, titled Good Girls Never Waltz With Me, another new genre-bending addition to his critically acclaimed TERRA series of releases.

General News

ATHENS – Five members of the World Hellenic Interparliamentary Association (WHIA), with Rhode Island State Senator Leonidas Raptakis as head of the group, visited Evros on January 12-13.

Video

Despite Huge Volcano Blast, Tonga Avoids Widespread Disaster

WELLINGTON, New Zealand — The blast from the volcano could be heard in Alaska, and the waves crossed the ocean to cause an oil spill and two drownings in Peru.