Aston Martin has not ruled out future involvement in Formula One, but its CEO Andy Palmer says it is “improbable”.
The luxury car brand is rumoured to be discussing a deal with Red Bull that would see the F1 team supplied with Mercedes engines once its Renault deal has expired. Mercedes and Red Bull both played down the speculation over the British Grand Prix weekend and now Palmer has told Reuters that a deal with an F1 team – Red Bull or otherwise – is unlikely.
“The bottom line is that it would be very difficult for us,” he said. “We as a company don’t have the kind of money to go into Formula One and make a decent job of it. Unless I thought we could be challenging Ferrari in some way, shape or form I just wouldn’t contemplate doing it.
“The best I can tell you is that it’s improbable. I never say never but it’s improbable.
“I think most of the teams in the pit lane at one moment or other since I’ve been here in the last nine months have approached me in some way, shape or form. Not Ferrari or McLaren, for obvious reasons.”
Aston Martin is involved in GT racing, but Palmer said a Formula One campaign would require “serious money”.
“Everybody knows Aston Martin. I have a job to do in terms of getting us back into the conversation amongst people that cross-shop sportscars, be it McLaren, be it Ferrari or Porsche. I need to be in that conversation. But to get into Formula One, that’s serious money that I don’t have.” (ESPN)