--
 
SEE | Here's the bakkie of the decade

'Our choice for bakkie of the decade is slow, date and indispensable,' writes Lance Branquinho.

SEE | 8 cool vehicles Tesla should make

Here are eight other vehicles we'd want to see the automaker create.

Lance Stroll ready to 'save' Aston Martin, rename Racing Point?

2020-01-14 14:30
lance stroll,racing point,f1,aston martin

Image: Team Talk

Racing Point owner, Lawrence Stroll, is reportedly closing in on acquiring a major stake in struggling luxury carmaker Aston Martin.

Stroll, who has an estimated worth of over £2-billion through investments and fashion brands, was first connected to Aston Martin by a joint report produced by Autocar and RaceFans.net back in late 2019.

Now Bloomberg are reporting that Stroll is in ‘advanced discussions’ to inject in the region of £200 million into Aston Martin.

Decline to comment

Aston Martin declined to discuss any specific deals when pressed for a response that Stroll was indeed close to becoming a major shareholder.

Aston Martin said in a statement: “We remain in discussion with potential strategic investors in relation to building longer term relationships which may or may not involve an equity investment."

READ: Owner Lawrence Stroll expects Racing Point to improve

The report also states that Aston Martin could also secure separate, extra investment with Chinese tycoon Li Shufu, whose Geely Group also have control over Volvo and Lotus, whilst also having a minor stake in Daimler AMG.

Aston Martin are currently title sponsors of the Red Bull Formula 1 team, but the initial report by Autocar and RaceFans.net stated that Stroll would be keen on reintroducing the famous Aston Martin green to Racing Point ahead of the new season.

NEXT ON WHEELS24X

There are new stories on the homepage. Click here to see them.