Buzz People

Aston Martin: F1 billionaire owner leads rescue deal

Struggling luxury UK carmaker Aston Martin has announced plans to raise emergency funding worth £500m.
A consortium led by billionaire Lawrence Stroll will put in £182m, with the rest of the money coming from existing investors.
Mr Stroll partly owns the Racing Point Formula 1 team, which will be branded Aston Martin from 2021 under the deal.
The move comes hours after a board meeting held to discuss how to prop up the ailing firm.
Aston Martin's best known customer is fictional spy James Bond and the company recently revealed that four of its cars will feature in the next Bond movie, No Time To Die.
Register Now