Aston Martin will raise more than 125 million pounds ($161.9 million) through funding from its chairman and the sale of its stake in his Formula One team as it battles ballooning losses and tariffs imposed by U.

Luxury carmaker Aston Martin is set to raise more than £125million through new funding from its chairman and the sale of its stake in his Formula One team in a bid to prepare for Donald Trump's harsh tariffs.

Aston Martin will raise more than £125mn as the US moves ahead with Donald Trump’s tariffs, with the sale of its minority stake in the Formula 1 racing team and additional investment from its chair Lawrence Stroll.

The stake is said to be worth at least $95 million, and the potential sale comes amid a challenging business environment for the automaker.

Aston Martin is looking to sell its minority stake in its F1 team with owner Lawrence Stroll issuing a major announcement.

Aston Martin has said it plans to sell its minority stake in the Aston Martin Aramco Formula One team as part of efforts to boost its finances. It also confirmed that Lawrence Stroll’s Yew Tree Consortium is planning to invest a further £52.