Honda saved by Brazilian investors, or is it?
#1
02-13-2009, 08:11 PM
Honda saved by Brazilian investors, or is it?
Formula One news: 'Honda saved by Brazilian investors' - GPUpdate.net Formula One
"According to various media the Honda Formula 1 team have raised sufficient funds to ensure that the team can at least compete in the first four races of the upcoming Formula One season. The team would also have signed up Brazilian driver Bruno Senna to race alongside Jenson Button."
"According to British newspaper The Guardian the team raised around $30m funding from a group of Brazilian sponsors who support Senna."
"The team would be running with Mercedes-Benz engines in Melbourne and more information is expected later this month."
"According to various media the Honda Formula 1 team have raised sufficient funds to ensure that the team can at least compete in the first four races of the upcoming Formula One season. The team would also have signed up Brazilian driver Bruno Senna to race alongside Jenson Button."
"According to British newspaper The Guardian the team raised around $30m funding from a group of Brazilian sponsors who support Senna."
"The team would be running with Mercedes-Benz engines in Melbourne and more information is expected later this month."
Last edited by like.no.other; 02-16-2009 at 01:28 PM.
#5
02-16-2009, 01:29 PM
Honda situation still far from clear
Reports that Bruno Senna has inked a contract to make his Formula One debut with the team currently known as Honda next year are untrue.
That is the claim of the Daily Telegraph, in the wake of widespread suggestions that the Brackley-based team's future - thrown into doubt by the shock withdrawal of Honda - is now clearer.
The reports at the weekend also suggested Senna was bringing with him some key Brazilian backing, including Petrobras and Embratel.
‘However, not only are the reports regarding Senna believed to be untrue, but Petrobras have pulled out of a sponsorship deal with Honda for 2009,’ Telegraph journalist Tom Cary wrote.
He said the future of the team is therefore still ‘hanging in the balance’, with a team source adding that the proposed management buyout led by Nick Fry and Ross Brawn is in jeopardy because of a bid from an unnamed third party.
The Honda source said the third party is a well known company, but that team management are calling its late interest a ‘hostile bid’.
‘Will Honda be on the grid in Melbourne? I would say it's 50-50,’ the source mused.
Source: GMM
© CAPSIS International
That is the claim of the Daily Telegraph, in the wake of widespread suggestions that the Brackley-based team's future - thrown into doubt by the shock withdrawal of Honda - is now clearer.
The reports at the weekend also suggested Senna was bringing with him some key Brazilian backing, including Petrobras and Embratel.
‘However, not only are the reports regarding Senna believed to be untrue, but Petrobras have pulled out of a sponsorship deal with Honda for 2009,’ Telegraph journalist Tom Cary wrote.
He said the future of the team is therefore still ‘hanging in the balance’, with a team source adding that the proposed management buyout led by Nick Fry and Ross Brawn is in jeopardy because of a bid from an unnamed third party.
The Honda source said the third party is a well known company, but that team management are calling its late interest a ‘hostile bid’.
‘Will Honda be on the grid in Melbourne? I would say it's 50-50,’ the source mused.
Source: GMM
© CAPSIS International
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