Aston Martin to raise over $162 million from chairman investment, F1 team stake sale

Aston Martin said on Monday it would raise more than 125 million pounds ($161.9 million) through funding from Chairman Lawrence Stroll's investment vehicle and the sale of its minority stake in the Formula One team he owns. The carmaker in late February said it would cut 5% of its workforce as losses and debt ballooned, just three months after raising capital for the sixth time under Stroll. Since taking over in 2020, Stroll has invested around 600 million pounds in Aston Martin.