Aston Martin RapidE EV-05

Aston Martin has announced that it will not be participating in Formula 1, ending speculation of a return. Last year, reports were rife that the British luxury sports car maker and Force India were working towards a deal that would see the latter being rebranded as Aston Martin Racing.

It would now seem as if talks of a cooperation between it and Force India have fallen through, and with that, the return to F1 remains very much a pipe dream for fans of the brand. Le Figaro reports that AM’s CEO Andy Palmer has come out to quash the rumours for good.

“We do not have the means to invest in F1,” Palmer was quoted as saying by the publication. “The only interest of motorsport for a brand like ours is to demonstrate the quality of racing technology of our road cars, and I do not see how an interest in Grand Prix could have any transfer value,” he added.

The automaker has not had a presence in F1 in over 50 years – it last competed as a works team in 1959 and 1960 during the David Brown era, racing in the series with the DBR4/250 and DBR5.