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Aston Martin is set to raise about $162 million via funding from the company’s chair, Lawrence Stroll, and the sale of the automaker’s stake in its Formula 1 team, which Stroll owns.

Aston Martin announced on Monday its plan to sell its minority stake in the Aston Martin Aramco Formula One team to help turn around its loss-making business. The luxury British carmaker ...

Aston Martin will raise more than 125 million pounds ($161.9 million) through funding from its chairman and the sale of its stake in his Formula One team as it battles ballooning losses and ...