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Whatever the outcome of the standoff between the Formula One Teams Association and the FIA, it was clear from the get-go that F1 was to change dramatically. As it turned out, the two parties – the first representing the teams currently participating in the sport and the second its governing body – have apparently reconciled their differences.

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Have you heard the one about the former F1 team that gets bought by the Mexican billionaire? Yeah, well, we heard it, too, and it's completely untrue. Not only has Carlos Slim has not bought Honda, but a spokesman makes clear that "There is no deal for the Honda team. There is neither agreement nor negotiations."

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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.

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