JANUARY 28, 2009

Deadline? What deadline?

The signs are increasingly suggesting that Honda is working on a management buyout of the Honda Racing F1 team and that the end of January deadline for completing the deal is really not that important as a result. If the intention exists for this to happen, and it seems to be the best option open to Honda, the completion of the paperwork is not the key issue.

The important point is whether or not there is sufficient money to get the job done. Honda Racing F1 engineers have a finite amount of time in which to build their car. The production schedules will depend on the engine deal and so it is imperative that an agreement is secured so that work can go ahead and production of parts can begin for the new cars. The design has almost certainly been done already and so the deadlines can be pushed back a little further.