Stroll’s comments to Bloomberg, in which he said he would be open to taking the British luxury carmaker private in the future after announcing plans to buy roughly $97 million worth of additional shares in the firm, do not constitute a formal takeover announcement, Aston Martin spokesperson Liz Miles clarified in a release. (The Logic, Bloomberg)

Talking point: Stroll told Bloomberg he might take the company private if its share price doesn’t improve, calling its market capitalization of about $1.3 billion a “joke.” Stroll’s Yew Tree Consortium has invested more than $1.1 billion in Aston Martin since 2020, when he put together a deal to bail out the struggling firm and became its executive chair. Alongside Yew Tree’s new investment, Aston Martin announced it will sell its minority stake in the Aston Martin Aramco Formula One team, which Stroll’s son Lance drives for, to raise $137 million.