Senna signs for Honda?

According to our sources Bruno Senna has now signed for the Honda Racing F1 team - and an announcement that the team will be going ahead will be made soon. The team is expected to use Mercedes-Benz engines and Senna will be partnered by Jenson Button. Backing for the team - the name of which has yet to be announced - is expected to come from one or two of Senna's personal sponsors. Petrobras has decided not to continue its deal and is withdrawing from F1.

It is not clear when the announcement will be made.

There have been some rumours in recent days that the team may have the backing of none other than Bernie Ecclestone. This would not be a surprise as Ecclestone is keen to make sure that the teams are not unanimous within the Formula One Teams' Association (FOTA) and having a financial interest in one of them is a good way to ensure that this happens.

It is believed that the majority of the money to run the team will be coming from Honda itself as it is cheaper to pay to keep the team alive than it is to lay off all the staff.

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