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Mercedes F1 boss Wolff takes a stake in Aston Martin

Mercedes Formula One boss Toto Wolff has taken a stake in British sportscar maker Aston Martin, whose executive chairman Lawrence Stroll runs the Racing Point F1 team, according to company filings.

A Mercedes F1 spokesman said Wolff's move was purely an investment on the Austrian's part and would be diluted by a rights issue on Monday from 4.77% to less than 1%.

"Fully diluted following the pending rights issue, this investment will represent a 0.95% stake in the company," he added.

"It is a financial investment and Toto's partnership and executive role with Mercedes are unaffected by the transaction.