Toto Wolf buys a stake in Aston Martin

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Toto Wolf, head of the competing Mercedes team at the F1 world championships, has bought a £ 37m stake in British sports car maker Aston Martin. A spokesman for Mercedes said the Austrian Tutu Wolf’s move was a purely investment business for the man, and that the stake would represent less than one percent of the company’s shares and had nothing to do with Mercedes’s executive role and had nothing to do with the deal.

Wolf owned 16% of the shares of the former world champion Williams, but he sold this stake when he joined Mercedes and he owned 30% of the shares of the German team he heads. Aston Martin Chairman Lawrence Stroll runs the Forming 1 rival Racing Team, which uses Mercedes engines, is close to Toto Wolf and leads his son Lance Stroll to Racing Point alongside Mexican Sergio Perez. The name of the British-based team that uses Mercedes engines and gearboxes will change to Aston Martin starting next season.

The Mercedes team won the last six titles of drivers and manufacturers in Formula 1 and the contract of its famous British driver, Lewis Hamilton, world champion 6 times will expire at the end of the current season, which has not been launched yet due to the Corona virus crisis.

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