Aston Martin set to choose between funding from Geely or Lawrence Stroll

Aston Martin has convened a board meeting to decide on an emergency fund raising round.

According to reports citing the Financial Times, China's Geely Automobile Holdings and Canadian billionaire Lawrence Stroll had each proposed to invest approximately £200.0m in the luxury carmaker in exchange for a 20.0% stake.

In another potentially positive development for Aston Martin, citing sources, the day before Autocar reported on rumours that Mercedes F1 team principal, Toto Wolff, might assume a top-line position at the British carmaker's road car division.

That would be the result of a potential exit by Mercedes from F1 racing, with Wolff investing in the new F1 team and Stroll in Aston.

In parallel, Stroll would sell his Racing Point F1 team.

Furthermore, Autocar reported that "there were thersuggestions that the deal could also draw in Chinese car maker Geely - which owns Lotus, Polestar and Volvo - as an investor into both the F1 team and Aston Martin.

"If this were to come to fruition, it's believed the deal would initially be a technical co-operation with the option to expand involvement in time, potentially resulting in Geely acquiring a substantial stake in Aston Martin."

The tectonic shifts in F1 racing might also see Aston Martin's hybrid Valkyrie - which claims the title of fastest street-legal car in the world - going head-to-head with Mercedes's AMG One hypercar project.

Stock in Aston Martin closed the Thursday session down by 1.83% to 402.70p.