A done deal: Toto Wolff acquires 1% stake in Aston Martin

accreditation
Toto Wolff. Image: AFP / Andrej Isakovic
Toto Wolff. Image: AFP / Andrej Isakovic

Toto Wolff has bought a stake in Aston Martin.

The British car company, whose new executive chairman Lawrence Stroll also acquired a major stake recently, will become the new identity of Stroll's Racing Point team from 2021.

Remaining at Mercedes

However, a spokesman for Wolff said the Austrian will remain Mercedes' team boss.

The spokesman noted: "It is a financial investment and Toto's partnership and executive roles with Mercedes are unaffected by the transaction."

The spokesman said Wolff's Aston Martin stake will be just under 1%, with reports estimating the value at about $46-million (R871-million, est.).

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Brought to you by
Voting Booth
Who do you feel was at fault for Verstappen and Hamilton's Italian GP crash?
Please select an option Oops! Something went wrong, please try again later.
Results
Verstappen
25% - 1454 votes
Hamilton
43% - 2475 votes
They were both at fault
32% - 1813 votes
Vote