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HONDA MINUS BAT (BAR) - New name Honda Racing F1 Team
Posted: Tue Oct 04, 2005 5:21 pm
by Julian Mayo
Honda has just announced that it has bought out the remaining shares of B.A.T (BAR) and will race solely as Honda next year in F1.
The new team does not as yet have a racing name.
(Source...Grandprix.com)
Honda Buys out BAR 100%
Posted: Tue Oct 04, 2005 5:24 pm
by Kapel
News just came in..
Honda on the eve of 100th race with BAR have bought 100% stake in British American Tabacco.
Last year they had purchased 45 % stake.
In 2006 it'll be HondaF1 team.
Posted: Tue Oct 04, 2005 5:28 pm
by rah
No wonder Button wanted to stay.
Re: Honda Buys out BAR 100%
Posted: Tue Oct 04, 2005 5:32 pm
by Julian Mayo
Kapel wrote:News just came in..
Honda on the eve of 100th race with BAR have bought 100% stake in British American Tabacco.
Last year they had purchased 45 % stake.
In 2006 it'll be HondaF1 team.
Ahem , I was 3 minutes ahead of you, Kappy
[
Posted: Tue Oct 04, 2005 5:38 pm
by rah
I also read the other article regarding a possible second team for Honda in 06. Probably with Sato in it. Sounds interesting if there is some truth in it. Who knows, there might be some more cars on the grid in 06.
Posted: Tue Oct 04, 2005 6:00 pm
by Ed
Thanks Julian and Kapel (both of you were half an hour ahead of me
),
After buying 45% of BAR last year, Honda decided to buy the remaining 55% from British American Tobacco.
The acquisition is expected to be completed by the end of this year.
Hiroshi Oshima from Corporate Communications at Honda Motor Corporation said:
After discussing Honda's future F1 participation, we have decided that Honda should own 100% of the team. We greatly appreciate the partnership of BAT, which has managed the team with us until now, and we wish BAT the best of luck in its future endeavours. From next season, we will be even more energetic in our F1 activities, working hard as a team in order to improve our technology, develop our young engineers and achieve our goal of winning the World Championship. We look forward to your continued support
It is unclear whether the name of the team will change as BAT still have a year remaining as title sponsors of the team.
Full Honda Statement
Re: Honda Buys out BAR 100%
Posted: Tue Oct 04, 2005 6:00 pm
by Kapel
Julian Mayo wrote:
Ahem , I was 3 minutes ahead of you, Kappy
[
You are anyways 4.5hrs ahead of me Julian
Posted: Tue Oct 04, 2005 6:03 pm
by Kapel
Thanks Ed.
Mayb we can merge both the topic into one?..
Posted: Tue Oct 04, 2005 11:08 pm
by Ed
Kapel wrote:Thanks Ed.
Mayb we can merge both the topic into one?..
Done
Posted: Tue Oct 04, 2005 11:17 pm
by Kapel
Ed wrote:Kapel wrote:Thanks Ed.
Mayb we can merge both the topic into one?..
Done
Thanks again
Julian u can be the author as u were 3 mins before me
Re: Honda Buys out BAR 100%
Posted: Thu Oct 06, 2005 4:10 am
by GhoGho
Kapel wrote:Julian Mayo wrote:
Ahem , I was 3 minutes ahead of you, Kappy
[
You are anyways 4.5hrs ahead of me Julian
and 14 ahead of me
Posted: Fri Dec 02, 2005 6:44 am
by Ed
Honda have confirmed that following their acquisition of the full 100% shareholding in BAR Honda, the team name will be called Honda Racing F1 Team.
The name has been selected to reflect Honda's rich and successful heritage in the sport.
Nick Fry CEO of Honda Racing F1 said:
Over the past few weeks I have been delighted to observe the progress we have made in the transition to Honda ownership. The name change is perhaps the clearest manifestation of the fact that we are now all part of Honda. It creates a focal point for the team culture going forward, and with an eye towards Honda's proud heritage, the name reminds us all that we have the depth, determination and resource required to fulfil our racing ambitions.
Full Honda Racing F1 Statement