Jan.16 (GMM) The potential sale of Brackley based Honda could be the subject of a government investigation, according to a British newspaper report.
The Daily Mail said the Department of Trade and Industry has been asked to step in amid suggestions team chief executive Nick Fry could be operating both as a mediator to potential buyers, as well as a potential buyer himself.The newspaper said the Member of Parliament Tim Boswell, representing the area in England including Honda's Brackley headquarters, has responded to the concerns of team staff of a potential conflict of interest."The level of anger and frustration at the factory is unbelievable," an insider is quoted as saying. "We wonder whether Nick is doing the right thing by wearing two hats."The team, facing a January 31 deadline for survival, declined to comment on whether Fry is indeed planning a management buy-out.