Last month, it was reported that China’s BYD Auto Company had tabled a bid to acquire Aston Martin Lagonda in a deal that would value the British auto-maker at £4.1 billion.
Details were scarce and it was difficult to gauge the veracity of these reports.
Aston Martin has since responded to this rumour, with a team spokesperson quoting Lawrence Stroll, owner of the British car-maker and the newly rebranded F1 team, as describing it as “totally untrue”.
The spokesperson added that Stroll “couldn’t be more excited about, and sincerely believes in, the team’s long-term future success.”
The team was rescued by Lawrence Stroll in 2018 and last year was its strongest season in F1 as Racing Point despite them narrowly missing out on third in the Constructors’ Championship to McLaren.
Following Stroll’s purchase of the team, his son, Lance Stroll, was signed as a driver in a move which has attracted more than its fair share of criticism.
For instance, just last week, ex-F1 driver Jaime Alguersuari hit out at Lawrence Stroll for purchasing the team to give his son a more competitive seat on the F1 grid after he spent a couple of disappointing years at Williams.
Specifically, the Spaniard said he “cannot contemplate that there are parents of drivers who own teams” and added that “the values of the sport are not what I understood.”