Eurosport - Sat, 07 Mar 16:18:00 2009
The former Honda Formula One team has been saved and will race this season as Brawn GP under team principal and new owner Ross Brawn.
Britain's Jenson Button and Brazilian Rubens Barrichello, last year's Honda line-up, will continue to drive for the British-based team with the first race in Australia little more than three weeks away on March 29.
Brawn GP, whose change of name is subject to the agreement of the governing FIA, will use Mercedes engines under a deal with McLaren's partners.
No financial details were given.
"Honda Motor Company Limited and Ross Brawn are pleased to confirm that they have reached agreement to secure the future of the former Honda Racing F1 Team," the statement said.
"With immediate effect, Honda will pass ownership to Ross Brawn, team principal of the new Brawn GP Formula One Team."
Brawn, a former Ferrari technical director, looked forward to the new season after months of doubt about the team's survival following Honda's announcement in December they were pulling out due to the credit crunch.
"The past few months have been extremely challenging for the team but today's announcement is the very pleasing conclusion to the strenuous efforts that have been made to secure its future," he said.
"I would like to thank Honda for the fantastic co-operation and support we have received throughout this process, particularly those members of the senior management who were closely involved with concluding our agreement, and for the faith they have demonstrated in myself and our team."
The team said Nick Fry, the former Honda Racing chief executive who attended a news conference held by the Formula One Teams' Association in Geneva on Thursday, will remain as part of Brawn's senior management team.
However the Brackley-based team, formerly the sport's biggest spenders, are likely to shed a considerable number of their 700 employees.
They are due to hold a private shakedown of the new car at the Silverstone circuit in England on Friday before travelling to Spain for their first test of the year in Barcelona on Monday.
They will also hold a final pre-season test in Jerez.
Barrichello is F1's most experienced driver with a record 270 starts and his partnership with Button, reported in the British media to have taken a significant pay cut, represents a combined total of 423 grands prix.
Brawn's move, effectively a management buy-out, rescued both men's careers with 36-year-old Barrichello out of contract while Button was facing a year on the sidelines with all other teams completing their line-ups.
With the team's survival, Formula One will start the season with 10 teams - one fewer than at the beginning of 2008 before Super Aguri folded.
Comment 239 - 258 of 258
Hi Donald been watching the lastest series of your alter ego (ie Rab) and it's been brilliant, when you can understand what they are saying.
In fairness, he's a special kind of idiot.
It's great Donald, I made a comment about one of his names (loadofb....) and they all changed to another Bill Mac, which just shows how upset he is getting. He is brightening my day up no end lmao.
I thought I had met some idiots in the past but I hadn't lived had I?
Real Bill Mac - it must be nice to know you have got under the idiot's skin to such an extent!
Gosh it scrambled the word H-A-R-D - but i gues i can see why.
I would imagine they have and will be working very @#$% that littlee.69123, I don't think it will be a straight swap and maybe it just won't migrate to the McLaren lump. Good point though because there had been a lot of talk on how good the Honda KERS package was.
will it be the car designed last year with mods for the Merc engine? And will it be able to use the Honda KERS system which was supposed to be quite advanced?
Well you didn't come here very quickly then did you as this is yesterdays story and its been talked to death, by most people here hence the chit chat and banter. Join in you might like it :-)
calm down thewook, there's no harm in being friendly with people is there?
Good luck to Ross and his team for the new F1 season, and I hope the cars work well in testing
m.e.: I love how the different colour cars go really fast, and it's all exciting, and different people win, and they go all round the world to different places. Yeah, you sure can't beat a good spot of Formula 1.
For those of you that think this is a form of "msn" well it is NOT !!!
So please take your "chat" elsewhere as I for one and alot of other people come here to read about F1.
Evil idiot - not the real Chitty.
Adam,you need to learn not to be a baby and not to be baited by mike q.
Well,im back,
Ive changed my picture because i was given a hard time about it.
Well,im back,
Ive changed my picture because i was given a hard time about it.
Sigh..... yes, Adam, it's fantastic !!
Well,im back,
Ive changed my picture because i was given a hard time about it.
Why am I baby with a lot to learn, pray tell? What exactly do I need to learn?
Well, for starters there's no 'r' in following. As for the article, the only correction as far as I can see is to change "it's" to "its".
So, Formula 1, huh? Ain't it great there's a new team?
Honda won 14 points last year. I think Brawn had some input into that spectacular total.
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