News Details
Wolff buys into Aston Martin
Apr.18 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.
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