Aston Martin F1 deal unlikely to happen

Aston Martin looks set to shelve for now its plans to enter Formula 1 with Force India.

Team owner Vijay Mallya had admitted during October's Mexican GP weekend that rumours linking Force India with a potential naming sponsorship deal with the British luxury car manufacturer were true.

"We are in discussion," he said, but "nothing has been finalised".

And former two-time world champion Mika Hakkinen had said a few days later: "The Aston Martin brand fits very well with formula one, so I hope this actually does happen."

But a source has now told Sky News that, following a board meeting, the partly Daimler-owned Aston Martin appears set to walk away from a deal.

"There is a definite inclination not to do it -- in 2016, at least. But it could certainly be revisited in the future," the source said.