Overview
- Aston Martin will raise over £125 million through the sale of its minority stake in the Aston Martin Aramco Formula One Team and additional funding from Lawrence Stroll's Yew Tree Consortium.
- Stroll's consortium will invest £52.5 million, increasing its ownership in Aston Martin from 27.7% to approximately 33%, pending a waiver from UK takeover rules.
- The Formula One stake sale is expected to generate more than £74 million and will not affect the company's long-term sponsorship deal with the team.
- Aston Martin revised its annual car volume growth projections to 'modest' levels due to external pressures, including new U.S. tariffs on imported vehicles.
- The company recently implemented a 5% workforce reduction and continues its focus on long-term profitability under CEO Adrian Hallmark.