US EditionAston Martin gets further $68 million funding, to sell stake in F1 team
- On March 31, 2025, Aston Martin announced it would raise more than £125 million through the sale of its minority stake in the Aston Martin Aramco Formula One team and a further £52.5 million investment from Lawrence Stroll's Yew Tree Consortium, which will purchase 75 million new shares at 70 pence per share.
- The primary reason for these actions is to improve Aston Martin's finances amidst challenges like weak demand, supply chain issues, delivery delays, potential US auto import tariffs, and two profit warnings issued last year.
- The sale of the F1 team stake is expected to generate at least £74 million, while Yew Tree Consortium's investment will increase Lawrence Stroll's stake in Aston Martin from 27.67% to approximately 33%, with intentions to potentially reach 35%.
- CEO Adrian Hallmark stated, "This renewed support from Lawrence and his Yew Tree Consortium partners underlines their immense confidence in our team and the future of the company," while Stroll affirmed his "unwavering support and commitment" to Aston Martin and its long-term value creation.
- While Aston Martin's shares initially jumped 13% following the announcement, they remain down approximately 39% for the year, and the company, which recently cut 170 jobs , seeks a waiver on takeover rules that would typically require a cash offer for the entire business upon exceeding a 30% stake.
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Aston Martin receives £125million boost from Lawrence Stroll amid serious threat from Trump's car tariffs
Luxury carmaker Aston Martin is set to raise more than £125million through new funding from its chairman and the sale of its stake in his Formula One team in a bid to prepare for Donald Trump's harsh tariffs
·London, United Kingdom
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