Motor racing-Aston Martin will be in F1 for decades to come, says owner Stroll

FILE PHOTO: Formula One F1 - Chinese Grand Prix - Shanghai International Circuit, Shanghai, China - March 21, 2025 Aston Martin's Fernando Alonso during the sprint qualifying REUTERS/Tyrone Siu/File Photo

LONDON (Reuters) -The Aston Martin brand will be in Formula One for decades to come, team owner Lawrence Stroll said on Monday after the sportscar maker announced the sale of its stake in the Silverstone-based outfit.

Aston Martin said it is raising more than 125 million pounds ($161.9 million) through funding from Stroll, its chairman, and the sale of its stake in the F1 team which is controlled by the Canadian.