About: http://data.cimple.eu/news-article/a085ad9324bc5143f334462e05e633b57289edf34747ff35c1a85aec

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/a085ad9324bc5143f334462e05e633b57289edf34747ff35c1a85aec Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	The Racing Point Formula One team will be rebranded Aston Martin from 2021, James Bond's favourite carmaker said Friday after securing a large cash injection to get back on track. Canadian billionaire Lawrence Stroll, whose son Lance Stroll drives for Racing Point, has agreed to be part of a deal to pump £500 million ($657 million) into the struggling Aston Martin, leading to the rebrand. "The Racing Point F1 team will become the Aston Martin F1 works team with effect from the 2021 season," Aston Martin said in a statement. "This agreement is for a 10-year initial term." A consortium led by Lawrence Stroll will inject £182 million into Aston Martin, whose cars play a starring role in the 007 spy films. Aston Martin additionally plans to raise a further £318 million via a rights issue supported by its major shareholders. "The difficult trading performance in 2019 resulted in severe pressure on liquidity which has left the company with no alternative but to seek substantial additional equity financing," Aston Martin chair Penny Hughes said in Friday's statement. "Without this the balance sheet is not robust enough to support the operations of the group. Notwithstanding recent weak trading, the strength of the Aston Martin brand and our expanding portfolio of cars has allowed us to attract a strong new partner in Mr. Stroll to support the turnaround of the business," she added. bcp/bmm
schema:headline	Racing Point F1 team renamed Aston Martin from 2021
schema:mentions	Private equity Scuderia Ferrari Television in Canada Formula One James Bond Billionaire Glenn L. Martin Company Penny Hughes Spy film Lawrence Stroll Balance sheet Lance Stroll Racing Point F1 Team Market liquidity
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-01-31 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	79 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software