At the risk of sounding like the end of a cheesy kung-fu movie, the future of the Japanese Grand Prix is safe...for now. After Toyota confirmed it could no longer host the race at its Fuji Speedway, Honda has reportedly stepped up to secure a new deal with Bernie Ecclestone to hold the race at its Suzuka circuit for the next three years. Hiroshi Oshima, president of Honda's Mobilityland division met with Ecclestone in Valencia at the European Grand Prix this past weekend to sign the contract.
Things could hardly have played out worse for Honda. It has poured what surely amounted to billions of dollars for years into its Formula One team with little effect. Then it brought in Ross Brawn, only to withdrew its support from the squad, then it sold the entire operation to Brawn while paying out big bucks to avoid an even bigger severance bill. And only then did Brawn turn the F1 team into a winner. That'd be enough to send some automakers scurrying to get back in the game, but not Honda.
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models