
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." Nevertheless, Honda says it is leaving the team in good shape and everything is still moving forward. Team chief Ross Brawn said "We have enough funding to get us through to Melbourne and we still have a competitive package." Brawn also said so many folks are snooping around that they've got to sort the jokers from the serious players. Cue Dave Richards...

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.
When Honda announced its immediate departure from F1 on December 4, it gave the outfit 27 days to find a bona fide buyer who would make a credible 3-year commitment to run the team. If the team did find such a purchaser, Honda said it would assist with finances and technical support. Carlos Slim has the finances and the experience: he is reportedly the second richest man in the world, and his companies are already involved in motorsport. If the transaction proves to be true, and assuming the team gets funded properly, it will mean a few good things for the 2009 F1 season: it will add another privateer team to the grid, it will let Ross Brawn continue creating the team he's been dying to lead since he was at Ferrari, and it will return the name "Senna" to the grid. Bruno, Ayrton Senna's nephew, is sponsored by Embratel, a subsidiary of Slim's Telmex company, and will certainly replace Rubens Barrichello as the one flying the Brazilian flag.

With the 2008 championship over with and the year winding down to its final days, Formula One's constructors are preparing to unveil their new cars for 2009. The new regulations for the 2009 season promise to make the new cars look considerably different from the current crop, as we're likely to see when the teams start rolling out their competitors for next year's crown.
Ferrari and Toyota are expected to be the first to unveil their new cars, with a live reveal at Fiorano and an online release of images from Cologne on or about the 15th of January. The next day McLaren-Mercedes is tipped to present their latest chrome-dipped blingmobile at the team's high-tech facility in Woking. Williams and Renault are set to unveil their cars on January 19 at a test session, with BMW Sauber running its first public testing shortly afterwards. With Honda F1's future hanging in the balance, that leaves Red Bull, Toro Rosso and Force India, which are expected to show their cars in February and March. Stay tuned as we bring you images and details of the latest crop as they make their debuts.
What goes around comes around, or so the saying goes. This is certainly true for Prodrive's front-man David Richards, who never seems to be lacking for opportunities. Having run racing programs for Subaru, Aston Martin, BMW, Porsche, MG, Alfa Romeo, Ford and Ferrari – to name just a few – Richard's Prodrive outfit was contracted by Honda to run its Formula One program, then running under the BAR banner. Honda then decided to operate the team in-house, and Richards moved towards fielding his own entry. As it turns out, neither plan panned out, and Richards is now considering leading a consortium of investors to acquire the Honda team anew.
Similar to the deal that saw Richards take the reins at Aston Martin, the veteran racing guru is talking with Investment Dar about financing the operation. Of course, Richards would assume his old role as team principal, especially given his newfound free time since Subaru canceled its partnership with Prodrive in the World Rally Championship.

Max Mosley has been head of the FIA for 15 years. Earlier this year, he pledged that when his term ends next year, he would step down – and that was before the infamous sex scandal. Yet even after the turpitude, Formula One supremo Bernie Ecclestone – whose Christmas card brought the whole thing up again – noted there was no way that Max would step down, saying, "I've always said that Max will be the president until he dies" because he believes Mosley enjoys confrontation and power.
From the looks of it, Mosley is beginning to prove Ecclestone correct. The FIA president has now said that he will wait until next June to decide whether he will step down or not. That's only three months before his term ends, and unless a challenger decides to campaign while Mosley deliberates, it's unlikely that 90 days would be enough to unseat Lord Mosley. According to Ecclestone, Mosley won the vote of confidence after the sex scandal after bribing representatives from third world countries to back him. Between his power and political skill, it's hard to believe that Max will vacate his post until he decides to do it himself.


Anyone who's watched the trials and tribulations of Formula 1 over the last few years knows that Bernie Ecclestone usually keeps to himself. But if you provoke him, he'll always say exactly what he thinks -- and it's usually more than you'd hoped for. That appears to have happened yet again after Ferrari head Luca de Montezemolo told a group of journalists that he thought it might be time for Bernie to step down, give the F1 teams more money and stop holding races in far-flung places "just because they have a nice skyline."
More specifically, Montezemolo said "In terms of revenue, we want to know more about them. Theoretically, like in other professional sports, like basketball in the USA, we can have a league made by us and appoint a good league manager to run our own business. Because it is our own business." Ecclestone's reply essentially amounted to: "Shut up." He said that Ferrari's loyalty was bought during the breakaway threat of a couple years ago, when the teams threatened to leave F1 over a dispute with the new Concorde Agreement. Ferrari was the first one to break rank, and Ecclestone says that was done because Ferrari was promised about "$80 million more when they win the constructor's championship." As for revenues, Ecclestone said that Ferrari, like any other team, can check the books whenever it wants. And as for far-flung races, with CVC Capital Partners still in huge debt from buying into the series, the number-one goal now is to go where the money is. That probably means more races in Asia than Europe, and more nice skylines for the time being. As far as we're concerned, if it brings more passing, we're on board.
