Is Honda still in F1 fray!
The troubled Honda team may just get rescued. The team management are trying to lure in an investor to keep the finances in position to be able to compete for this years grand prix. Jenson Button sounded optimistic in a Newspaper interview. After all, he is amoung thousands who had (almost should I say) lost a job recently.
Virgin Mobile (Japanese subsidiary), who had been the sponsers of Takuma Sato of four years may emerge as possible bidders for the team. Virgin is not new to F1, they had sponsored Jordan in 2002.
Its been reported that Richard Branson’s Virgin has already bid for the Brackley, south Northamptonshire, England based team. An announcement is expected from Honda by the end of the month. If any suitor succeeds in buying the team, it would save almost 700 employee’s jobs and ofcourse, the driver’s.
Any delay could affect the chances of Honda F1 team to start on the grid at Melbourne this season.