Picture Credit: Twitter
Aston Martin's owner Lawrence Stroll is reportedly set to recoup his investment following poor performances in Formula 1. Notably, Audi has also started showing keen interest in occupying a total stake in the company. Reports have suggested that Audi had initially offered 450 million euros to acquire the British team, Mclaren, but things didn't pan out as per the plan, and now Audi has shifted its focus to Aston Martin.
Reports have also claimed that Mclaren wanted to give up decision-making power completely and Audi was not ready for that hence they shifted focus to Aston Martin. Although Williams and Alfa Romeo also remain on Audi's shortlists. As per a report published in Essentially Sports, An expert has stated that the growing hype surrounding Formula 1 is top-notch, which can help Martin fetch a good deal in the business.
Speaking of Aston Martin, it made its F1 debut back in 1959, but it pulled from motorsports due to poor performances. The brand became the title sponsor of Red Bull till 2022 and entered the sport under the ownership of Lawrence Stroll the very next year. However, with the continuing poor stint in motorsports, Lawrence is again mulling the idea of stepping away by selling the brand to credible prospects.
In another significant development regarding Formula 1, Red Bull and Porsche are edging close to having a comprehensive partnership. Red Bull consultant Helmut Marko said, "It wasn't long ago that VW said yes. Therefore, it is logical for two partners like Porsche and Red Bull to enter into talks. That will happen now." The joint hybrid engines will be built at the Red Bull Powertrains plant at Milton Keynes. And the power units will be used by both Red Bull Racing and AlphaTauri.