7 Jan 2009

Ferrari engines option for buyer of Honda F1 team

2:56 pm on 7 January 2009

The Formula One team Ferrari says it would be prepared to supply engines to whoever takes over the Honda team.

The Japanese manufacturer Honda stunned the sport a month ago when it announced a pull out as both as a constructor and engine provider, due to the world financial crisis.

Honda says several global players are interested in buying the team.

F1 experts believe any rescue deal would realistically need to be in place by early February if the team are to make the season-opener in Australia on March the 29th.

Ferrari already supply engines to the Red Bull-owned Toro Rosso team and have spare capacity after Force India, who were powered by the Italian units last year, switched to McLaren-Mercedes.

However it would still need several weeks notice to build the extra engines.