Andy Palmer, who is leader of Aston Martin since 2014, said that involvement with F1 makes sense given the presence of near competitor – Ferrari, but that is only be possible if big part of spending caps were introduced on power unit development.
“For a company that’s only just moved to making a profit, we don’t have the 350-400 million a year that you have to spend on F1”
“For a company that’s only just moved to making a profit, we don’t have the 350-400 million a year that you have to spend on F1,” said Palmer. “If—and it really is the big if—there is a cap put on the number of people or the amount of money that you can spend on developing a new engine, and it’s at a reasonable level, we have a good reason to study it.”
Aston Martin attended recent FIA meeting to talk about power units for the 2021 season and beyond. All the suppliers were present also with past suppliers Cosworth, Ilmor Engineering, Lamborghini and Porsche.
Palmer has never been a fan of simply sponsoring an F1 team, which he experienced firsthand during his previous stint at Nissan whose upmarket Infiniti brand was a major sponsor of Red Bull from 2012 to 2015.
As an alternative to the power unit development, Palmer thinks that Aston Martin in the future will possibly make some form of technical support to Red Bull.
“I’ve never been a fan of just simple sponsorship,” Palmer said . “I always try to get some degree of authenticity, and the more authenticity the better really.”