Mercedes F1 boss Toto Wolff acquires shares in Aston Martin

errr, wow (I think??). AML is a dog of an investment from an opening share price of GBP19.00 it has fallen, pretty much every week since the IPO and shares currently with GBP55p - it is touted as one of the worst ever flotations and but for Stroll's investment by now would have been insolvent. As it stands, AML have issued a statement that they have liquidity for 2020 and no further. They need to start selling a bunch of their new DBX, with a starting price of USD195k - and all this was before the true extent of coronavirus..... This is a strong statement that Stroll intends, and has the ability/desire, to support the venture in the medium to long term.... This aside.......... it sort of doesn't feel right with Wolf having an interest in both camps - as a director of a financial organisation, I am asked every board meeting whether I have/might have conflicting interests with other financial/non-financial services firms - as a uninformed observer, having supply contracts with AML appears to be a conflict of interest - I don't think this is right, especially if it is Toto that has the final say on those contracts etc - this is getting a bit like Torro Rosso and RBH - anti-competing gentlemen's agreements.....

Is AML now a sister company of Mercedes F1 ? or Toto switch imminent?

I’m in the same mind set as Snooky, I somehow have doubts to the longevity of Merc’s on going longer term involvement in F1 given the immense investment cost and political force driving towards EV that parent Daimler is tied up to and the now massive loss of income with global sales on hold. Surely they will jump over to FE (solely?). Think back to how many ‘mainstream’ car makers have dipped in for a few years then cut and run. Seems odd TW having to forego his Williams involvement but ok to take (a small) stake in Aston’ - excepting his stake is in the ‘parent company’ not directly in the racing team per say. Overall the move pleases me to see AML setting up to hopefully prosper, the6 have a lot ‘going on’ behind the scenes.

I mean, it's always nice to have a spare plan. And at any rate Wolff can afford these kinda shares with ease, so why not.

Smoke and Mirrors ;p

And from an investment opportunity 15% up already

otp.tools.investis(...)y.aspx?cid=2424&;newsid=1386491

Smoke and Mirrors ;p

Not a bad investment to be 15% up already..

And pretty much same amount as Daimler in AML. will be 1% ish on rights issue.

Will yew tree Sell the rest, best check Monday`s RNS ;p

Let me speculate further. Should Toto be appointed for the role of team principal ( of Aston Martin ), wonder what's the destination for Ottmar and Andy green? Mr.Green is a very good bang for buck officer, but not James Allison. Would Lewis get convinced by Toto to join the AML team in 2021 if Daimler pulls the plug?

Getting into Aston Martin now when presumably they got a bit overextended is a smooth move. After the Vantage there is no reason why this company could not continue as a successful concern. Beautiful designs, fabulous interiors that are more upscale than Porsche/Audi/Lamborghini group. Well built cars with all that manufacturing and supplier chain sorted. For what it is, I’d much rather get into running that than say taking over Lotus. And the engines they’ve got are good. Are there better Grand Touring sports cars in the world that also have that level of cache? I don’t think so. And now bringing an F1 style power train in-house which they are basically experts on – it’s looking solid. It seems like the only problems were some kind of financial mismanagement (I haven’t looked into it). But with Lawrence Stroll and Toto Wolff teaming up as directors? Be afraid, be very afraid. I would not want to be playing defense against the two of them. The low share price is just icing on the cake.