‘I spoke to the previous shareholders a month before their IPO, but they didn’t want to know,’ says Stroll. ‘They didn’t want any disruption or distraction to their IPO plans.’ The Canadian had made contact because he was then the new owner of Racing Point Force India, a Formula 1 team he had brought out of administration in 2018.
Initially, Stroll planned to invest £400million to right the Aston Martin ship. That figure quickly increased to £500 million but more was still needed if the company is to sell the 10,000 cars per year Stroll has forecast. That split will come from 4000 front-engined sports cars, 4000 SUVs and 2000 mid-engined supercars, including the Valkyrie.
This new investment will allow Aston Martin to clear much of its debt and focus on meeting its targets of launching heavily revised Vantage, DB11 and DBS models in 2023, add to the DBX line-up and continue development of the mid-engined Valhalla. The Valkyrie thorn stills resides in Aston Martin's side, however. 27 had been delivered in the first half of 2022 from the 38 cars that had been assembled in that period. In its July trading statement it claimed to be on track for a year target of of between 75 and 90 vehicles.
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