• Dec 27th 2008 at 8:01PM
  • 27
According to La Stampa, Honda F1 has a buyer: Mexican telecom billionaire Carlos Slim Helu. Reports claim he paid the single dollar Honda was asking. He trumped Force India F1 owner Vijay Mallya, who was suspected to want the Honda team only for its tech know-how, and Prodrive's Dave Richards.
When Honda announced its immediate departure from F1 on December 4, it gave the outfit 27 days to find a bona fide buyer who would make a credible 3-year commitment to run the team. If the team did find such a purchaser, Honda said it would assist with finances and technical support. Carlos Slim has the finances and the experience: he is reportedly the second richest man in the world, and his companies are already involved in motorsport.

If the transaction proves to be true, and assuming the team gets funded properly, it will mean a few good things for the 2009 F1 season: it will add another privateer team to the grid, it will let Ross Brawn continue creating the team he's been dying to lead since he was at Ferrari, and it will return the name "Senna" to the grid. Bruno, Ayrton Senna's nephew, is sponsored by Embratel, a subsidiary of Slim's Telmex company, and will certainly replace Rubens Barrichello as the one flying the Brazilian flag.

[Source: La Stampa via My Automovil]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
      • 6 Years Ago
      He doesn't seem that slim...
      • 6 Years Ago
      For the kids out there...Honda's historic first F1 victory in 1965 at the Mexican Grand Prix with Richie Ginther driving.
      • 6 Years Ago
      But will they still make it to the first race in Australia?
      • 6 Years Ago
      Darn! I was really hoping Richards would get it... I guess its better than nothing.
      • 6 Years Ago
      Cool that they will live 3 more seasons, but I wish prodrive had taken over. Is the no-Rubens news for certain or just speculation?
      • 6 Years Ago
      Rubens Barrichello is still alive?
      • 6 Years Ago
      His face makes him look a lot less evil than I thought someone who has a monopoly on Mexican telecommunications would.
        • 6 Years Ago

        I hate when folks try to make a political story of nothing. This is what irks me the most about us Americans. You know the ones of which I speak, the UGLY self-appointed judges of right and wrong in the world.

        News Flash: Different is not always wrong, who said that we got it right in the first place. We revile everyone else, but embrace a system that allows the LORDS of our soceity to repeatedly a$$ rape the public. The string of heists, rip-offs, scams, schemes and bold-face thievery perpetrated on an unsuspecting populace is magnitudes more immoral than one business running its rivals out of town.

        Savings & Loan
        MCI WorldCom
        Junk Bonds

        Insurance Companies that Collect premiums on properties for decades, and weasel out of paying claims. Residents of the Gulf Coast (Katrina).

        Current financial crisis is the Creme de la Creme of the failings of a morally bankrupt system. Wall St. had an orgy with our money, now we have to pay even more to clean up after them.

        I am not anti-capitalism. However, I do believe that the government SHOULD and MUST employ regulations to protect the investors and general public from the sharks. I'm sure this is not the end of it. We of all people have no moral ground to stand on in judgement of others.

        • 6 Years Ago
        Monopoly on Mexican telecommunications and dozens of other things. This guy built his wealth just like Russian oligarchs built theirs after the fall of the Soviet union, in ways that would be illegal to Western standards, hand in hand with former socialist government crooks (ironically..).
        • 6 Years Ago
        *****Standing ovation for Mr.Oak******
        • 6 Years Ago
        Mr.Oak: Well Said!!!
      • 6 Years Ago
      YES! too bad to see rubens go though.
        • 6 Years Ago
        It'll be bad to see him go, but the original Senna talked up this kid... So we'll see!
        • 6 Years Ago
        I was hoping David Richards would've gotten it, since the team was very, very competitive when he was at the helm, but If this proves true then I'm just happy that the H-powered cars will be on the grid for '09. Here's to hoping Bruno will do for Honda what Ayrton did in the late 80s. It's nice to have the Senna name back, but I too am a little sad to see Rubens leave F1.
      • 6 Years Ago
      Fantastic news!!

      This will help to get a race back in North America and Bruno will be great. The Telmex company is first class and they recognize the importance of motorsport to their core business interests.

      I think Mallya wanted to pick through the table scraps and Richards isn't suited run a FF1600 team in my opinion. The list of drivers careers he's destroyed is as long as my arm so ya, I'm very happy with the news!!!
      • 6 Years Ago
      Barrichello was not the one flying Brazilian flag in F-1! There are Felipe Massa in Ferrari (2nd in the last championship) and Nelson Piquet (the son of the three times champion Nelson Piquet) in Renault!
      • 6 Years Ago
      But the $1 price doesn't include Honda engines to power the cars next season?
      If i remember correctly, Honda don't want to remain i F1 at all, even as a engine supplier.

      They said that they have come very far in the development of their KERS since they decided to put most of their development work on this years cars last season. Their KERS is surely intimately linked to the Honda engine? Without that, no useful KERS?
    • Load More Comments