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New Honda team announced

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  • New Honda team announced

    The announcement by Aguri Suzuki of a new Honda-backed team is all over the news this morning. This is good news for F1, especially the GPMA side of the series. There's no mention of whether he had to pay the FIA their $48 bond. Let's hope the FIA give their approval for the new team.

  • #2
    $48 bond?
    "Each day well lived makes every yesterday a dream of happiness and every tomorrow a vision of hope. Look well therefore to this one day for it, and it alone, is life"
    ~ Sanskrit poem attributed to Kalidasa, "Salutation to the Dawn"


    Brian's Wish

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    • #3
      I don't think the $48m is optional, built into the Concorde agreement IIRC.

      http://www.tsn.ca/auto_racing/news_story.asp?id=141596

      Suzuki did not reveal where the money for the project is coming from except to say that "A Company Ltd", of which he is CEO, will run the team. Part of the application process is posting a $48-million deposit with FIA to field a team for next season. They risk losing $12-million if they don't reach the starting grid in Bahrain next March.
      jono

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      • #4
        And so what happens to AF and TA and the team they had assembled with this Aguri Suzuki?
        If you don't stand behind our troops, PLEASE, feel free to stand in front of them.

        Jesus Saves! Passes to Noah.....He shoots, he scores!

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