Aston Martin commit to F1 until 2030

RacingNews365 understands that Aston Martin has committed to F1 until at least 2030, just a few days on from Fernando Alonso committing to the British outfit.

The news broke on Thursday evening that Alonso had signed a two-year contract extension with Aston Martin, keeping him in green until the end of 2026.

It means the two-time world champion will be with the team for the first season of the new power unit regulations, when they will be powered by Honda.

Now, Aston Martin has committed their own future to the sport and the Silverstone-based team and have extended their sponsorship as the name of the outfit until 2030.

Reportedly, the parent company of the Aston Martin F1 team – Aston Martin Lagonda – has taken up an option to acquire a near-£20million stake in the side.

“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,” executive chairman Lawrence Stroll said during an Aston Martin strategy event at their Gaydon HQ, as reported by The Times.

“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.”