Toto Wolff says Vettel could consider buying into Aston Martin

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Mercedes team boss Toto Wolff, who recently bought a stake in Aston Martin, says Sebastian Vettel could also consider buying “a few shares”.

Earlier this year Wolff bought a 4.77% stake in Aston Martin, which led to speculation that the Austrian might be involved in the struggling manufacturer’s new Formula 1 operation. However, Wolff denied such an option on numerous occasions and explained this was just an investment for him.

“I have indeed bought a number of shares of Aston Martin as an investment, because I believe in the company and in their current strategy,” said the Austrian earlier this year.

“Tobias Moers, the new MD, is a guy that I’ve known since a long time. And I believe that he can turn around this business.

“There’s a very strong group of shareholders that are backing Aston Martin today that will not let it down. And therefore I’ve decided to be part of that group.”

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After Sebastian Vettel was announced as Aston Martin’s 2021 driver, Wolff said the German could consider buying some shares as well.

“First and foremost, Sebastian is a racing driver,” Wolff told Auto Bild.

“It’s about the performance on the track. But that doesn’t mean that he might not buy a few shares as well – especially if the company is still valued low.

“The opportunity is there of course.”

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