I have to respect the Honda motor company after this. "We don't necessarily care about the loss of assets - we care about peoples jobs". Pretty cool corporate direction in this day and age. Well done Honda.
Quote:
Honda F1 team sold for one pound: report
AAP - April 10, 2009, 9:33 pm
Honda Motor sold its Formula One team for just STG1 ($A2.07) to former team principal Ross Brawn to keep it in the sport, a Japanese newspaper reports.
"Since our withdrawal (in December), it was our top priority to sell the team on condition it continues its F1 activities," an unnamed Honda official was quoted as saying by the Yomiuri Shimbun. "The price was not a problem."
"We could not sell the team to partners who had sought to disband it and sell its assets on a piecemeal basis," he said. "We also needed to protect the jobs of hundreds of people and we think it was a good conclusion."
A Honda spokesman declined to reveal financial details of the deal.
Honda is reported to have spent Y20 billion ($A281.73 million) in running the F1 team.
Brawn's Mercedes-powered team has won the first two Grand Prix this season through driver Jenson Button, in the Australian round and Sunday's rain-shortened race in Malaysia.
Button's fellow driver Rubens Barrichello finished second in Melbourne.
As a Honda Owner, several assets over the years. They have also been known for great workmanship and pushing the envelope!
Corporate responsibility has been one of their strong points with ride schools and so on. I'm told if you work for them and are loyal, they're fantastic to work for.
Yep, I have owned Honda's for the past 15 years and they have all been great cars simply because they just keep doing what they are supposed to do. Wouldn't buy anything else anymore. Great to hear they have a social conscience too.
i have been looking a the honda civic's lately they are a pretty hot looking sporty car
Can definitely recommend the civic Jen. Having owned one for about 3 years now without a problem and it now being 10 years old, i will definitely get another one.
i have been looking a the honda civic's lately they are a pretty hot looking sporty car
I could imagine Jen racing around in a type R civic collecting all the astro goodies she has commandered lately. Of course I don't know if they come in green though.
I could imagine Jen racing around in a type R civic collecting all the astro goodies she has commandered lately. Of course I don't know if they come in green though.
Mark
um well yes at the moment im hooning around in a Hyundai Excel its GREEN too and i have JEN-073 on the number plates hehe my car is very well known in town