FEBRUARY 16, 2009
Two bidders for Honda
It seems that the plans for a management buyout at Honda were almost completed when a new bidder arrived on the scene, which has thrown the whole process into some confusion. The new bidder is believed to be very serious and to have the kind of brand that will benefit from F1 - and benefit the sport as well. The fact no-one is saying anything publicly suggests that things are at a very delicate stage and the new bid could result in a new management being brought in to the team.
Honda now has to decide what to do and as time is now very short because the cars need to be built and this work cannot be completed unless there is guaranteed money for an engine supply deal to be secured, a decision has to be made soon, unless Honda wishes to find itself paying for an engine deal that it cannot use.