In 2016, Aston Martin began a partnership with Red Bull Racing, and in 2018 became the title sponsor of the team. Today it was announced that a consortium of investors led by Lawrence Stroll bought back a 20% stake in the British manufacturer, and in 2021 Racing Point will be renamed Aston Martin. In this regard, the Red Bull Racing issued an official statement in which they confirmed the termination of cooperation with the British manufacturer at the end of 2020.
“After today’s announcement by Aston Martin Lagonda, the team confirms that the manufacturer will remain the title partner until the end of 2020, but after the contract will not be extended,” the Red Bull Racing said in a statement. – The team agreed to release Aston Martin from the conditions for exclusive cooperation with Red Bull Racing in Formula 1, which in turn helped to attract the investments necessary for companies to refinance and use alternative opportunities in sports.
Red Bull Advanced Technologies will continue to partner with Aston Martin as part of its Valkyrie supercar project. The first cars should be made at the end of the year.
We thank Aston Martin for their support over the past four years. Together we won 12 races, won 50 podiums and 6 poles. We wish Aston Martin employees and shareholders all the best for the future, and continue to work together in 2020 to complete the partnership at a high level. “
A separate press release on behalf of Red Bull Advanced Technologies confirms that collaboration with Aston Martin will continue as part of the Valkyrie program, as the creation of a two-seater mid-engined hypercar remains the “key project” for the Red Bull technology division. The first cars should be assembled and sent to customers at the end of 2020, and only 150 such hypercars will be produced.
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