Posts Tagged ‘Honda’
The Honda Formula 1 team has now confirmed that they are negotiating with Richard Branson’s Virgin Group and that they have made a bid to purchase the team. “We are negotiating with several buyers and one of these parties is the Virgin Group,” a Honda spokesperson said. According to sources close to the deal Crash.net [...]
Tomas Engström’s Honda Racing lost Thed Björk to Flash Engineering in the beginning of the year but the team have now confirmed that they will continue as a two car team for 2009. Tomas Engström will occupy one seat and the other is still up for grabs. According to TouringCarTimes they are still considering a [...]
Like we reported yesterday evening — Honda has now confirmed its withdrawal from Formula 1 with immediate effect. Honda president and CEO Takeo Fukai confirmed an immediate pull-out from F1. “Honda must protect its core business activities and secure the long term as widespread uncertainties in the economies around the globe continue to mount,” he [...]
According to Reuters Honda will tomorrow morning make the announcement that its Formula One team is up for sale. Team bosses Ross Brawn and Nick Fry supposedly had a meeting today with the Formula One Teams’ Association that Honda had set a deadline of a month to find a buyer for the team. This year [...]
