Aston Martin chair Lawrence Stroll was not considering an exit from his investment in the UK luxury-car maker, its chief executive said, as the company continues to haemorrhage cash and struggles to turn itself around.
In an interview, Aston Martin CEO Adrian Hallmark defended the £50mn sale of its Formula 1 naming rights to AMR GP Holdings, the racing team’s holding company that is indirectly controlled by Stroll.
The deal, announced last week, had raised concerns among some investors that it paved the way for Stroll to sell the carmaker since he had secured perpetual rights to use the Aston Martin name for the racing team.
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