Chinese company interested in acquiring Aston Martin

Chinese company interested in acquiring Aston Martin

Aston Martin is currently in the news with all the hints at its livery and outfits for 2021, and above all of course the arrival of Sebastian Vettel. However, according to Formula 1 journalist Joe Saward, there are also dark clouds hanging over the Silverstone factory.

In recent years much has changed at the team formerly known as Force India. Lawrence Stroll bought the team and together with his partners it was renamed Racing Point. However, that name soon disappeared, because after Aston Martin was bought by Stroll, it was announced that Aston Martin would be the new name of the team.

According to Joe Saward, an experienced F1 journalist, there’s also a possibility that Aston Martin could be bought again, with a Chinese company reportedly interested.

He wrote on his own blog, “This morning there was an interesting story from China’s East Money, a website that watches the financial markets, which suggested that China’s BYD Auto Company is preparing to acquire the Aston Martin car company, in a deal that would value the British firm at £4.1 billion.”

BYD Auto Company is said to be looking for a way to become known in Europe and sees Aston Martin as an ideal showcase. Additionally, it already has a partnership with Daimler, which also has a share in Aston Martin. So Stroll’s era could be a short one, as could Aston Martin’s period in Formula 1.

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