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Why Aston Martin is mulling risky move into F1

Palmer: "On a personal level I enjoy watching F1, but for me it's about the marketing." (Bloomberg)
February 20, 2018 05:00 AM

After returning Aston Martin to profit, Andy Palmer envisions the British supercar maker entering Formula One as an engine supplier by 2021. F1 is trying to lure well-known brands such as Aston Martin and Porsche to the race series by promising to make the sport’s complicated and expensive hybrid engines simpler and therefore cheaper. F1 is a risky move for any automaker, but as Palmer told Automotive News Europe UK Correspondent Nick Gibbs, Aston Martin needs the F1 marketing magic to promote its new mid-engine supercar that is due in 2020.

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