From next season, the Racing Point F1 team will be renamed Aston Martin F1.
“Aston Martin’s ambition to compete for the overall victory in the 24 Hours of Le Mans remains undiminished, but it is only right that we reassess our position in light of a significant change in the landscape that was not anticipated when we committed last year,” said Andy Palmer, Aston Martin’s CEO.
“We entered Aston Martin Valkyrie in WEC and at Le Mans with the understanding that we would be competing with similar machinery and like-minded manufacturers. The situation has changed and it makes sense for us to pause and reconsider our options.”
Aston Martin’s announcement was swiftly followed by a statement from the World Endurance Championship, calling the decision “very regrettable”.
“[It was] perhaps not unexpected in light of the persistent rumours over the last six months concerning the fragility of the brand’s exposure in the rapidly evolving automotive market, together with its decision to enter Formula 1 as a works team in 2021,” said the WEC statement.
Toyota will be the only major manufacturer with a hypercar (concept car shown here) in next season’s WEC
Pierre Fillon, president of the ACO, added: “For a few months now, we have all been aware of the economic difficulties of Aston Martin, and the subsequent questions raised about its future motorsport programmes.
“As far as the next top category of competition, Le Mans Hypercar, is concerned, we continue to believe and remain utterly convinced that a manufacturer has its rightful place there, in all its best interests.”
Toyota is committed to entering a hypercar from the next WEC season, which starts in September — the first in which they are eligible. Glickenhaus is due to join with its own hypercar later in the season.
Peugeot said that it will join in 2022 with its own hypercar, although the company may choose to develop an LMDh car instead.
GTE-class Aston Martin Vantages will continue to race in IMSA and WEC, while road-going versions of the Valkyrie will be delivered to customers in the second half of this year.
“The British sportscar manufacturer’s focus will be defined by its activities at the highest level of both single-seater competition and endurance GT racing, for which it has earned a rich pedigree over the past 15 years,” said the statement from Aston Martin.