Wednesday, January 7, 2009

A Honda with a Ferrari Engine?

One of the racing series that I follow is formula one racing. I enjoy it for a couple of reasons. First it is the top auto racing series in the world (at least I think so). Second Ferrari has been the major player and winner for a number of recent years after a long dry spell. I drive a Ferrari, so I share a little of their success.

With the current world economic conditions several teams are no longer interested in spending the millions of dollars per year to field a competitive effort. Late last year Honda announced that they were pulling out of the 2009 series both as a competitor and engine supplier and that their team was up for sale.

Today's news (http://www.stuff.co.nz/stuff/4811532a13275.html) describes how a new team owner might go to Ferrari for engines. The current team is run by Ross Brawn, a former Ferrari technical director. So looking to Ferrari would be a natural step.

There are a lot of rumors of who might purchase the team. Whoever decides to do it has very little time to waste as the first race of the 2009 season opener in Australia on March 29. Besides the time constraint there is a budget constraint also for a potential buyer. Honda spent around $300 million dollars last year and still had a losing season.

Should be an interesting year.

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