Canadian billionaire Lawrence Stroll will take an up to 20pc stake in Aston Martin for nearly £200m (€238m) as the ailing carmaker raises funds after a sales drop put pressure on its finances. Canadian billionaire Lawrence Stroll will take an up to 20pc stake in Aston Martin for nearly £200m (€238m) as the ailing carmaker raises funds after a sales drop put pressure on its finances. Aston had also held talks with Chinese carmaker Geely, a source has previously told Reuters. "He brings with him his experiences and access to his Formula 1 team," Palmer told Reuters. Under Friday's agreement, Aston Martin said Stroll's Racing Point will become the Aston Martin F1 works team from the 2021 season.

Source: Irish Independent January 31, 2020 07:41 UTC