Carlos Slim not buying the Honda F1 Team!?

Yesterday and today most of the news sites around the world(including us) reported that Mexican billionaire Carlos Slim has bought the Honda F1 Team.

Just few hours ago AFP news agency reported that there is no such deal and negotiations on this matter between the Honda F1 Team and Carlos Slim. No additional details were given. Was Italian La Stampa playing with the press(including mighty CNN and small sites like us) or perhaps the deal could not be finished for some strange reason? Stay tuned, as we are sure that Monday morning will bring more information.

Via: mtv3.fi

Honda F1 Team sold to world’s second richest man

Beginning of the month Honda announced their withdrawal from all Formula One activities making 2008 their last season. Soon it was clear there will be different parties interested in the team and their know-how.

Main talk was around Force India owner Vijay Mallya and Prodrive. Due to bad financial situation in the world nothing was too sure and the teams future was not clear.

Now according to Italian newspaper La Stampa Honda F1 Team has been saved by Mexican billionaire Carlos Slim.

Continue to read: Honda F1 Team sold to world’s second richest man

Breaking! Honda will withdraw from all F1 activities

Honda announced today that they will withdraw from all Formula One activities, making 2008 the last season of participation.

This difficult decision has been made in light of the quickly deteriorating operating environment facing the global auto industry, brought on by the sub-prime problem in the United States, the deepening credit crisis and the sudden contraction of the world economies.

Honda says it must protect its core business activities and secure the long term as widespread uncertainties in the economies around the globe continue to mount. A recovery is expected to take some time.

Continue to read: Breaking! Honda will withdraw from all F1 activities