Honda strikes an Accord, may stay in F1 after all
Without Honda's active participation, the team is speculated to run customer engines supplied by Mercedes-Benz. The task of securing financial backing, however, was made all the more difficult by team sponsor Petrobras' decision to withdraw from Formula One as well. But sources suggest that Honda may have found it more cost-effective to help keep the team afloat for a while longer rather than having to offer its employees severance packages. Additional funding is said to have come from the personal backers of Bruno Senna, nephew of the late great Ayrton Senna, who was tipped to partner Jenson Button at the team for this season before Honda pulled the plug. Lastly, reports indicate that F1 chief Bernie Ecclestone may be backing the orphaned team out of his own business interests. But the $30 million in funding reported may only be enough to get the former Honda team on the grid for the first four races in Australia, Malaysia, China and Bahrain, which could at least give Ross and Nick some more time to find new patrons and sponsors.
[Source: F1-Live and GrandPrix.com]
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