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Tuesday, February 24, 2009

The quick and dirty Honda update

Rest assured, everything is going to plan, according to “high level sources” who spoke to autosport.com.

This would seem to go against the bleak statement made yesterday by outgoing Honda CEO Takeo Fukui.

The sources report a management buyout still seems the most likely option, and contrary to rumor, reports Nick Fry has been forced out are ‘premature.’

F1 Testing - Day One


Meanwhile, despite bad mouthing F1 in the press last weekend, “A1” Tony Teixeira remains interested in getting a team on the grid.

The A1GP boss revealed to autosport.com he had been in recent talks to purchase Honda Racing, and has also passed on deals with Spyker and Toro Rosso in the past.

He says he is now leaning toward starting a new team in Portugal, possibly funded by the Portuguese government.

Teixeira owns land near the Portimao circuit. Don't miss the top stories of the day, subscribe to the SpeedRead Web newspaper now! -- Email SpeedRead -- Learn more about author C.D. Six

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