Sergio Perez has announced he will leave Racing Point after seven seasons at the end of the current 2020 campaign. The decision by the Mexican appears set to signify that four-time world champion Sebastian Vettel will take his place at the team next to Lance Stroll next season.
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Racing Point will be renamed as Aston Martin from the 2021 Formula 1 season. Following weeks of speculation that Lawrence Stroll, Racing Point’s owner, was poised to buy into the British carmaker, it was confirmed that a consortium led by the Canadian would pay £182m for an initial 16.7 per cent stake in Aston Martin.
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Force India have been rescued from administration by a consortium led by Lawrence Stroll, the father of Williams driver Lance. The investors will save the jobs of all 405 employees.
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