Aston Martin Lagonda (AML) will sell shares in the Aston Martin Formula 1 team as part of a pay raise aimed at generating more than $160 million, but will remain title sponsor.
The automotive company, chaired by Formula One team owner Lawrence Stroll, announced that it would cut its workforce by 5% in February due to market conditions. The Trump administration’s tariffs on imported vehicles will also have an impact, pledging to increase its shareholdings to 33%, raising nearly $70 million, and sales of AML minority stakes to Formula One teams are expected to exceed $95 million.
The Formula One outfit said the news “emphasizes the long-term and unwavering commitment of executive chairman Lawrence Walk to both Aston Martin and the current Formula 1 team,” and “it makes clear that there will be a long-term agreement over the next few decades to ensure that Aston Martin’s name is at the pinnacle of motorsport.
The F1 shares are planned to be sold, but buyers have not yet been identified as they are walking through investment bank Raine Group to find investors. The team says it is to work with “strategic investors who can add long-term value to the team and brand,” but it is intended to not give a time frame for sales.
“These movements show that Aston Martin’s position on the Formula 1 grid is as safe as ever,” Stroll said. “AML has recently been recommitted to a long-term sponsorship and licensing agreement with AMF1, confirming that the legendary Aston Martin brand and its UK racing green collar will compete in Formula 1 for decades to come.”
Aston Martin is currently 7th in the Constructors Championship and has scored 10 points from the opening two races, but he welcomed design guru Adrian Newley to the team earlier last month to prepare for new regulations and become a Honda Works team after 2026.