The Formula One news this week is both good and bad.
It’s good, because the Honda F1 team will not go out of business after all. It’s been purchased by a group headed by ex-Honda team principal (and former Ferrari brainchild) Ross Brawn and will be known henceforth as Brawn GP.
The 2009 Honda chassis (oops, Brawn chassis – but you know what I mean) will be powered by… Details
To this day, race car driver and “Dancing with The Stars†winner Helio Castroneves hasn’t seen a single dime of $5 million in licensing money he was promised under a 1999 contract with Penske Racing. It’s either been parked at Penske or is still idling in a Dutch investment account.
But the Internal Revenue Service says Castroneves owes U.S. income taxes on the money anyway…Â Details
Every Formula 1 fan should be rejoicing this week as the announcement finally came that the former BAR and Honda Racing team had been saved and will take their place on the grid in Melbourne at the end of this month.
In the past I have been critical of Honda Racing and their misplaced claims to be a team worthy of challenging McLaren and Ferrari for the world championship. Despite the millions invested, and while Ross Brawn is a man I admire from his days with Benetton and Ferrari, I was initially sceptical about whether he could once again transform a team into a force to be reckoned with when he became Team Principal at Honda in 2007.
Now he has successfully led …Â Details