Honda announced today that it has sold it's F1 Team to Ross Brawn, the former Team Principal of Honda Racing F1 Team. The Honda F1 Team shares were held by the British company Honda GP Holdings Ltd., which sold them to Ross Brawn, who plans to get it ready for the 2009 season.
Hiroshi Oshima, Managing Officer of Honda Motor Co., Ltd. responsible for Corporate Communications and Motor Sports, said: “Since announcing our withdrawal from Formula One racing on December 5 of last year, we have conducted various studies and discussions so the team can continue its activities as a new team. We are very pleased that we could sell the team to Ross Brawn, with whom we have been partaking in the challenges of F1 competition, and are grateful for his decision. We offer our sincerest wishes for the new team which will be led by Ross.”
