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 Lagonda Global Holdings Plc expects to raise at least £125 million ($162 million) by selling more shares to Canadian billionaire Lawrence Stroll and its minority stake in the Formula One racing team.

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.

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 tariffs imposed by U.

Aston Martin expects U.S. tariffs to weigh on sales volumes this year and aims to raise $162 million from an investment by Executive Chair Lawrence Stroll’s Yew Tree Consortium and a sale of shares in its Formula One team.