More Honda F1 news from another source...
12-04-2008, 07:18 PM
#1
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More Honda F1 news from another source...
Honda will announce tomorrow morning that it is withdrawing from Formula 1.
It is putting its team up for sale and will continue to fund the team for three months, but if no buyer is found by March then the team will be closed down.
The team was addressed by team principal Ross Brawn this evening and he explained the situation to the workforce.
As today was a FOTA meeting in Geneva it is likely that the news was broken there and has leaked out from other teams initially.
Honda has its car factories in Japan working part-time shifts, owing to the collapse in the automobile sales market and clearly the management feel that they can no longer justify spending up to £200 million a year on F1, even if cost-cutting measures are in the pipeline.
Too much time has been wasted in agreeing a package of measures as the FIA and Williams management have been warning for months.
It is putting its team up for sale and will continue to fund the team for three months, but if no buyer is found by March then the team will be closed down.
The team was addressed by team principal Ross Brawn this evening and he explained the situation to the workforce.
As today was a FOTA meeting in Geneva it is likely that the news was broken there and has leaked out from other teams initially.
Honda has its car factories in Japan working part-time shifts, owing to the collapse in the automobile sales market and clearly the management feel that they can no longer justify spending up to £200 million a year on F1, even if cost-cutting measures are in the pipeline.
Too much time has been wasted in agreeing a package of measures as the FIA and Williams management have been warning for months.
12-05-2008, 02:56 AM
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I would be that RB goes back to the "red" team. And now that JB's gona be free...
...my bet is that's gonna throw a wrench into more than one team's driver plans for next year.
12-05-2008, 04:54 AM
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I don't think Button's availability changes much.
If the team does go under. As far as I know, STR and Force India are the only teams yet to confirm their driver lineup for 2009.
