The value of the team has more than doubled in less than two years as Aston Martin Lagonda looks to cash in its chips.

Aston Martin Lagonda has just made a bold move to ease its financial woes by selling its stake in the Aston martin F1 team.

The Aston Martin Formula 1 team has been valued at about $3.3 billion. The marque is selling its minority stake in the brand for about $146 million.

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