Aston Martin: F1 billionaire owner leads rescue deal
Image copyright Reuters
Struggling luxury UK carmaker Aston Martin has announced plans to raise emergency funding worth £500m.
A consortium led by billionaire Lawrence Stroll will put in £182m, with the rest of the money coming from existing investors.
Mr Stroll partly owns the Racing Point Formula 1 team, which will be branded Aston Martin from 2021 under the deal.
The move comes hours after…