F1 Rumor: Aston Martin’s Formula One Future Confirmed

Aston Martin has reportedly confirmed its Formula One future till 2030.

Oct 22, 2022; Austin, Texas, USA; Aston Martin F1 Team owner Lawrence Stroll, father of driver Lance / Jerome Miron-USA TODAY Sports

Aston Martin has reportedly pledged its commitment to Formula One until 2030, building on the recent commitment by two-time champion Fernando Alonso to remain with the team on a multi-year contract, according to RacingNews365.

Key Takeaways:

• Fernando Alonso has renewed his contract with Aston Martin, ensuring his stay until the end of 2026.
• Aston Martin will adopt Honda power units in alignment with new F1 engine regulations starting in their next season.

Aston Martin's decision to secure its Formula One operations through the next decade marks a major commitment. This commitment was unveiled following the announcement that Spanish driver Fernando Alonso has signed a two-year extension with the British team. Alonso's decision to stay with Aston Martin until at least the end of 2026 is a significant vote of confidence in the team's future, especially as they prepare to transition to new power unit regulations with Honda in 2026.

In a recent event held at Aston Martin's headquarters in Gaydon, executive chairman Lawrence Stroll articulated the transformative effect that Formula One has had on the Aston Martin brand. His comments, reported by RacingNews365 via The Times, highlighted the dual benefits of Formula One: substantial global exposure and an infusion of performance credibility that has been leveraged in their consumer car models.

Stroll pointed out:

“Formula 1 has helped transform the nature of the business and give us the performance credentials and credibility by putting it into our road cars.

“Not only has Formula 1 given us the 2.3 billion viewers that see a beautiful British racing green Aston Martin 24 weekends this season; it’s also brought us a much younger customer to Aston Martin.”

Moreover, the financial commitment from Aston Martin Lagonda – the parent company of the Aston Martin F1 team – involves an acquisition of a nearly £20 million stake in the team. This investment not only secures their branding rights but also strengthens their operational foundation.