Open

Coming up

Don't miss

Replay


LATEST SHOWS

WEB NEWS

Connected toys are a must-have for Christmas

Read more

WEB NEWS

Web users react to Cuba and the US normalizing relations

Read more

REPORTERS

Argentina: The Kirchner era

Read more

AFRICA NEWS

Tunisia presidential elections: Final day of campaigning ahead of Sunday's vote

Read more

FRANCE IN FOCUS

Holiday season: celebrating a secular Christmas

Read more

#THE 51%

Are toys really us?

Read more

ENCORE!

Child brides, the people of Syria and New York’s homeless

Read more

FOCUS

Video: Pakistan in mourning after school massacre

Read more

AFRICA NEWS

Kenya: Security law approved despite disruptions in Parliament

Read more

Honda F1 team reborn as Brawn GP

Latest update : 2009-03-06

The Honda Formula One team has been rescued just three weeks before the start of the season by its former team principal Ross Brawn.

AFP - Honda Motor Co. Ltd. said Friday that it had sold its Formula One team to former principal Ross Brawn who hopes to have it competing in the upcoming world championship.
   
"Honda has announced the sale of the Honda Racing F1 Team (HRF1) to Ross Brawn, the former Team Principal of Honda Racing F1 Team," the automaker said in a statement.
   
"The entire shares of the HRF1, held by Honda GP Holdings Ltd, the UK-based holding company for HRF1 that managed all operations of Honda's Formula One racing, were sold to Ross Brawn," it said.
   
"As a result of this sale, the team ownership has transferred to Mr Brawn, who plans to have the new team compete for this year's FIA Formula One World Championship."
   
The statement did not mention the sale price.
   
Honda made a shock announcement in December that it was exiting Formula One as a result of the global economic downturn.
   
Hiroshi Oshima, the managing officer of Honda's motor sports, said in the statement: "We have conducted various studies and discussions so that the team can continue its activities as a new team."
   
He added: "We are very pleased that we could sell the team to Ross Brawn, with whom we have been partaking in the challenges of F1 competition, and are grateful for his decision."

Date created : 2009-03-06

COMMENT(S)