CRISIS: Aston Martin F1 Faces Bankruptcy SHOCK!

CRISIS: Aston Martin F1 Faces Bankruptcy SHOCK!
In a startling development, the Aston Martin Formula 1 team has reported a staggering loss of £53 million for the 2022 season. This is huge, but now comes the question - Is Aston Martin F1 teetering on the edge of bankruptcy? So, let’s dive into this video to uncover the truth behind
this alarming situation. Aston Martin, the renowned sports car manufacturer, faced a significant financial setback in 2022. Despite a 26% increase in sales to £1.4 billion, the company reported a substantial rise in losses, doubling from £214 million to £495 million. This financial strain was attributed to heavy investments in new models and grappling with supply chain issues affecting the entire global car industry.
In response to these financial challenges, Aston Martin underwent a reorganization, now operating under AMR GP Limited, a subsidiary of AMR GP Holdings Limited. However, despite a surge in turnover by over £32 million from sponsorships and prize money, the team experienced a larger loss. This was particularly evident in increased costs during the inaugural
year of new racing regulations.
Hashtags: #formula1 #astonmartin #formulanews
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[@hawkeye98]

These guys are sponsored by Aramco the largest and richest oil company on the planet. That loss is chump change to Aramco.

[@thawk6792]

That loss has absolutely nothing to do with the race team , It's 100% privately owned , Aston Martin Lagonda the car manufacturer is a publicly traded company , it's not going bankrupt either

[@hawkeye98]

@@thawk6792 wow bro thanks. Aramco wipes its ass with 100 dollar billed. So you don’t think Aramco pays to have their name plastered all over that car. BTW just for reference Aramco took 20% of their company public to the tune of 3 trillion that trillion with a T dollars. So you are wrong this team may be privately owned but they accept paid sponsors.

[@Feniantimmy]

Edit the audio. Those numbers can be rounded. Ugh.

[@LordBikealot]

It's not bankrupt, it's just showing a year of losses on the sheets, that's all. Very common in business. That's a lot different than being bankrupt!!
GET YOUR FACTS RIGHT

[@scotexscarrier8461]

speculate to accumulate

[@brendastevens1179]

Wake up. How do you make a small fortune racing? Start with a large fortune.

[@dougiebrown9318]

Loose change for Lawrence Stroll..

[@mikehatch2114]

2022 ?

[@jamesletts2209]

Aren’t they owned by a billionaire!? Kinda sure Lawrence Stroll is not on the verge of bankruptcy! 💁🏻‍♂️

[@thawk6792]

Not only that , they're owned by different groups, AML's publicly traded , race team's privately owned, this channel just looking for views

[@hawkeye98]

Be careful you gonna trigger thawk

[@hawkeye98]

Be careful. You’re gonna trigger Thawk.

[@walkertorque]

Our we talking Aston Martin or AMR F1?

[@thawk6792]

This channel doesn't realize there's a difference between the two , they're separate companies,

[@malcolmgray8910]

and thats just over lance stroll

[@thawk6792]

Rent-free

[@hawkeye98]

Be careful Thawk getting triggered.