Automotive News

Reports on the latest technological advances in the auto industry.

2005/10/29

Honda Acquires All Shares in BARH Ltd.

@ 10:12 AM (34 months, 13 days ago)
Honda Motor Co., Ltd. today announced that Honda has agreed to purchase all shares in BARH Ltd. Honda currently owns 45% of the equity in BARH Ltd., and will complete the purchase of the remaining shares by the end of 2005. From the 2006 season, Honda will therefore participate in the Formula One World Championship Series with its own team, with the aim of winning the World Championship. The F1 team will continue to be based in Brackley, Northamptonshire, UK, and work in cooperation with Honda Racing Development Ltd., located in Bracknell, Berkshire, UK. In 2000, Honda signed an engine supply and joint chassis development contract with B-A-R, marking the start of Honda's third participation in the Formula One World Championship. In D...

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