Fernando Alonso believes the arrival of legendary designer Adrian Newey means Aston Martin are "the team of the future" in Formula One.

On Tuesday, Aston Martin confirmed Newey had signed on as managing technical director and also become a team shareholder, with his annual salary reported to be £30million.

Newey's departure from Red Bull was confirmed in May after his relationship with team principal Christian Horner came under strain, though he will stay with the constructors' champions through the first quarter of 2025 to work on their RB17 car.

Newey has designed 14 championship-winning cars throughout stints with Williams, McLaren and Red Bull, and Alonso believes his arrival bodes well for Aston Martin's future. 

"We've been racing against each other for many years," Alonso said as Newey was unveiled at Aston Martin's headquarters on Tuesday.

"I would say he has been more an inspiration and I think thanks to Adrian and his talent and cars, we all got better as drivers, as engineers, as teams, you know, we all had to raise the bar thanks to him to be able to compete.

"Today is an incredible day for the team. Lawrence Stroll's vision is taking shape with this building, with Adrian, Honda, with Aramco, a new wind tunnel... 

"It's definitely the team of the future I would say. For me, it's going to be an incredible professional opportunity to work with Adrian and to keep working with this green colour which I'm very proud to be part of."

Newey is also excited by the prospect of working with Alonso, revealing the two-time world champion came close to joining him at Red Bull 15 years ago. 

"Fernando of course... We've battled against each other for so many years," Newey said. "He's been a bit of an archenemy at times. 

"We came so close to him joining Red Bull for the 2009 season but unfortunately it didn't quite happen, which is a great shame. 

"So we continued to battle against each other. He's a legend of the sport, so I'm very much looking forward to working with him."