Aston Martin has found a new investor thanks to Lawrence Stroll. The Saudi Arabian Public Investment Fund has acquired a large stake in the Formula 1 team. The Canadian multimillionaire spoke of great confidence in the new strategic investment plan that will strengthen the image of the luxury car brand.

Aston Martin has had to deal with a lot of financial pressure in recent years, including the share price being lowered. Last May, Mercedes CEO Tobias Moers was replaced by Amedeo Felisa, a former Ferrari chief. With PIF as a new investment party, another step has been taken in the transformation of the F1 team.

PIF is the owner of Aramco, the largest oil company in the world. According to reports, PIF has bought up some €770 million worth of shares in Aston Martin.

Stroll biggest shareholder

Lance Stroll's father still remains Aston Martin's largest shareholder. Stroll told Autosport that his plan to put the brand on the map as a team in F1 is still the right course of action and thinks the arrival of the Saudi investors will be important.

"This is a game changing event for Aston Martin that aligns with our strategic plans and accommodates our long-term growth. With Felisa's new leadership, we have the right team, and the right strategy, to get everything out of the brand," said the Canadian.