Signing Vettel was "a clear signal" to the racing world, said Racing Point, which will take the Aston Martin name next year after Canadian billionaire owner Lawrence Stroll's investment in the British brand.
Formula 1 2020: Williams appoint Simon Roberts as acting team principal after Claire Williams' departure
Formerly with the McLaren team, Roberts joined Williams this year as managing director.
Formula 1 2020: Ferrari chief Mattia Binotto says team looking to put 'worst of days' behind at Mugello
Ferrari also finished outside the points in the previous race in Belgium and the second successive double flop dropped them to sixth in the constructors' championship.
Formula 1 2020: Pierre Gasly races to stunning victory at Italian GP as Lewis Hamilton handed penalty
Pierre Gasly finished 0.415 seconds ahead of McLaren driver Carlos Sainz and 3.358 ahead of Racing Point's Lance Stroll on a surreal-looking podium.
Racing Point said it had decided to accept the sanctions imposed and to move on, in the wider interests of the sport, following an agreement between all the teams on new rules to prevent any future 'reverse engineering' of other teams' cars.
Alpine has a history in motorsports with the Renault-powered Alpine car winning the Le Mans 24 hours race in 1978.
Formula 1 2020: Lewis Hamilton aims to break records and Ferrari's heart at their home race in Monza
Lewis Hamilton will be favourite to claim his sixth victory in the old royal park, moving him one clear of the record five he now shares with Michael Schumacher – and leaving him on 90 wins overall ahead of the Tuscany Grand Prix a week later.
Formula 1 2020: Ferrari hurting after both drivers fail to qualify inside top 10 at Italian GP since 1984
After their pointless flop at the Belgian Grand Prix last Sunday, this was another embarrassment for the 'scarlet scuderia', but little surprise to their drivers.
Formula 1 2020: Lewis Hamilton claims pole position in Italian GP qualifying, Valtteri Bottas takes second
It was Hamilton’s record-increasing 94th career pole position, his sixth in seven races and his seventh in Italy.
Formula 1 2020: Eight drivers summoned by stewards over Lewis Hamilton near-miss during Italian GP practice
As a result of the incident, when Hamilton changed direction at around 300 kph, he was summoned along with Nicholas Latifi, Romain Grosjean, Sergio Perez, Pierre Gasly, Lance Stroll, Alex Albon and Carlos Sainz to explain what happened.
Formula 1 2020: Ferrari's Mattia Binotto admits he considered future with team after disappointing start to season
Mattia Binotto said he believed he retained the support of Ferrari's board and in particular chairman John Elkann and CEO Louis Camilleri.
Formula 1 2020: Impossible for me to win Italian GP, says Max Verstappen after disappointing run in Friday's practice sessions
Verstappen, who is 47 points behind runaway leader and six-time world champion Lewis Hamilton in the drivers championship, spun and crashed during the morning and then struggled to claim fifth in the afternoon.
Formula 1 2020: Lewis Hamilton emerges quickest in Friday's second practice, expects Saturday's qualifying to be a 'nightmare'
Hamilton, who outpaced team-mate Valtteri Bottas by nearly three-tenths of a second, said he anticipated a similar scenario to last year when most drivers backed off so much they failed to clock a final fastest lap.
Formula 1 2020: Lewis Hamilton opens up on mental health, reveals dealing with 'a lot of difficult days'
The championship leader and six-time world champion said he experienced "difficult days" in his own life, explaining that this season's run of triple-header race weekends meant that he was often lonely and grateful for contact from his family.
Formula 1 2020: Williams family to end 43-year association with F1 after decision to step down from team management
Claire Williams, whose father co-founded the Williams F1 team, is stepping down as deputy team principal after this weekend's Italian Grand Prix.
Ex-Ferrari president Di Montezemolo said Vettel carried no blame for his and the team's struggles, adding that the team was not prepared for the sport's move to hybrid turbo engines in 2014.
Formula 1 2020: Mattia Binotto says Ferrari in the middle of a ‘storm’ ahead of home Italian GP, but denies ‘crisis’
Ferrari’s 2020 slump reached a new low on Saturday when after Vettel wound up last in third and final practice, the team faced the prospect of failing to progress from Q3 in qualifying.
Formula 1 2020: Williams' George Russell says he's 'very lucky' to escape serious injury at Belgian GP
British racer Russell's car suffered extensive damage and a rear wheel flew across the track ahead of him during Sunday's Belgian Grand Prix.
Formula 1 2020: 'We have to stay calm' urges Sebastian Vettel after Ferrari's dismal performance at Belgian GP
Neither Vettel nor Leclerc was able to make any impression, as Ferrari struggled and finished pointless outside the top ten.
Formula 1 2020: Lewis Hamilton romps to grand Belgian GP victory, inches closer to Michael Schumacher's F1 record
Hamilton registered his 89th career win with another flawless drive to take his fourth Belgian triumph, finishing 8.448 seconds clear of his Mercedes team-mate Valtteri Bottas.