The Aston Martin brand will be in Formula One for decades to come, team owner Lawrence Stroll said on Monday after the sportscar maker announced the sale of its stake in the Silverstone-based outfit.

Aston Martin has announced that Lawrence Stroll has increased his stake in Aston Martin Lagonda. The Executive Chairman has thus secures the presence of the British racing green brand's name in Formula 1 for decades to come.

Aston Martin will raise over $162 million through the sale of its stake in the F1 team and funding from its chairman, Lawrence Stroll, to counter losses and President Donald Trump's tariffs.