Formula One
9 November 2009

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Honda: No serious buyer yet

Honda: No serious buyer yet

23 February 2009

Honda Motor Co has admitted it has not seen a serious buyer yet for its Formula One team, which is currently for sale. While the Japanese car manufacturer said it has several potential buyers last week it is now slightly pessimistic on the team's future in Formula 1.

"There are various offers for the team but we have not seen any serious buyer yet," Honda chief executive Takeo Fukui said at a news conference. "We find the sale process very difficult."


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