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Old 9th March 2009, 08:48 PM   #1 (permalink)
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Honda F1 team get a new owner

Honda Motor Co., Ltd. has announced the sale of the Honda Racing F1 Team (HRF1) to Ross Brawn, the teams former Team Principal.

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. 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.

A Honda spokesperson, Hiroshi Oshima, said, "Since announcing our withdrawal from Formula One racing on December 5 of last year, we have conducted various studies and discussions so that the team can continue its activities as a new team. 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. We offer our sincerest wishes for the new team which will be led by Ross."

Ross Brawn was also previously the technical director for the Scuderia Ferrari Formula 1 team. He was succeeded by Stefano Domenicali.

http://www.sgcarmart.com/news/article.php?AID=1928

Let gratz Honda F1 team to get new owner...

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