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 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.

Aston Martin is selling its stake in the Aston Martin Formula One team to focus on revitalizing its core automotive business, while team owner Lawrence Stroll has doubled down on his commitment with a fresh round of investment.