Grandprix.com are sensationally reporting that the Honda Formula One team might be about to be put on the market for sale. This news comes after the squad has made many cutbacks and made headlines in the motor sporting media for cancelling annual events for staff and media. However, with the possibility of the sport about to lose one of its teams, the antics of employees and photocopiers is put into perspective. This murmuring, however, is yet to be confirmed. Either way.
According to Grandprix.com, many Formula One teams have seen a flow of applications throughout the course of the day, and it seems that the pattern emerging is that of Honda – the staff submitting CVs are apparently Honda employees.
The team held an important meeting earlier today which has been widely reported in the media. It was believed that the centre of discussion was measures to reduce costs in the Honda company, particularly costs involving less-essential parts of the automotive giant. It was also rumoured that redundancies may also have been discussed. And whether you like it or not, Formula One is considered an extra to a car company’s portfolio. In many circumstances, Formula One can be considered an unnecessary expenditure.
However, it wouldn’t be a total surprise if Honda decided it was to shed itself of the burden of a relatively unsuccessful Formula One venture. The company is suffering like many others in the downward turn of the global economy. Grandprix.com are suggesting that Honda would like to sell before Christmas, which seems highly unlikely given the current financial climate.
So this begs some questions…
…Would you miss the Honda team if the rumour proved accurate and they didn’t turn up in Australia next year? What would happen to Jenson Button? Would he go the same way as Anthony Davidson and struggle to find a new employer? Or do you think this has all been taken out of context and Honda are not yet about to sell up and walk away from the sport?
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