UK-based Aston Martin will be collaborating with California-based electric carmaker Lucid to begin production of “ultra-luxury high-performance electric vehicles” beginning in 2025. Aston Martin reached a deal involving both cash and shares which will give Lucid a 3.7% stake in Aston Martin. The new Aston Martin-Lucid battery electric vehicle (BEV) models – which are expected […]
Formula One team Force India has cut a deal with a consortium of investors led by Lawrence Stroll – father of Williams’ driver Lance Stroll – that will save both the team after former director Vijay Mallya had resigned and the team was put into administration when driver Sergio Perez decided to take the legal […]
After declining to buy directly into Formula One itself, Canadian billionaire Lawrence Stroll has instead decided to purchase the Swiss Sauber Formula One team. Stroll is reported to be negotiating with the current owner, Peter Sauber. Stroll is a fashion industry tycoon, having made hundreds of millions after the 2011 IPO of the popular Michael […]