BRACKLEY – Honda Racing will receive the form of shares worth 2.3 billion Pounds Sterling loan from the British Goverment. Really? There are no clear answers, because the squad wich have a headquarters in Brackley is reluctant to respond to the news.
As written by autosport, Friday (30/1/2009), the Honda can borrow funds to the British government to save their squad existence in the Formula One (F1) racing event.
Mentioned, Honda F1 meet the four requirements asked the government – a company with more than 25 million Pounds Sterling, in the forefront of innovation, reduction of carbon emissions and create employment.
"We expect the cooperation of the automotive industry or their partner which had the income as much as 25 million pounds or more. They will get a loan if they have a real project to maintain the company," said spokesperson of Dept for Business, Enterprise & Regulatory Reform (BERR).
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Tags: f1, f1 2009, f1 gp, f1 racing, formula 1, formula 1 2009, honda, honda f1, honda f1 racing, honda racing