Racing Point CEO and team principal Otmar Szafnauer says Aston Martiꦫn has clear objectives to make the Formula 1 outfit “one of the top teams in the sport”.

The Silverstone-based squad will become an Aston Martin works team in 2021 after its billionaire owner Lawrence Stroll bought a stake into the struggling British luxury c💙ar manufacturer last month.

Szafnauer said the Aston Martin rebrand has provided “🤡a real injeౠction of energy” for the team’s staff and revealed the vision Stroll - who rescued Racing Point from administration in the summer of 2018 - has.

Spe𒉰aking about the deal ahead of the team’s launch event next week, Szafnauer said: “It’s significant news for Aston Martin and for Formula 1 itself.

“As one of the most iconic ✤sports car brands in the world, Aston Martin needed a prese🎶nce on the F1 grid and this solution delivers a fully-fledged works Aston Martin F1 Team from 2021 onwards.

“It’s news that will excite fans around the world and will shine a spotli⛦ght on a brand that is widely regarded as Britain’s finest luxury sports car manufacturer.

“It’s certainly provides a real injection o﷽f energy for the 🐻465 loyal and hard-working staff in Silverstone,” he added.

“The team has been in business, under various names, for 30 ꦺyears and is more than ready to become a manufacturer team.

“Lawrence [Stꦯroll] spoke to the staff last week and set out the clear objective to establish Aston Martin as one of the top teams in the spor✅t.

“Everyone is proud to represent a legendary car manufacturer ret♋urning to the pinnacle of motorsport.𒆙”

But Szafnauer explained there will b🉐e no “immediate impact” on Racing Point’s 2020 campaign as a result of the 🌄collaboration.

“There’s no immediate impact on our current campaign and we will continue to𝐆 compete as Racing Point until the rebrand takes place at the start of the 2021 season,” he said.

“From then we will be known simply as ‘Aston Martin F1ꦯ Team’ - so the Racing Point name will disa♒ppear.

“It’s exciting to transition into a manufactur✤er team and we’ve got the best part of a year to make all those changes – much of which will be happening behind-the-scenes.

“It’s important we don’t take our eyes off the main task for 202𒀰0, which is to be competitive on the racetrack with the RP20.”