9 Jan 2009

Honda has a dozen offers for its F1 team

12:13 pm on 9 January 2009

The Racing chief executive of Honda says they are considering about 12 serious offers for their Formula One motor racing team.

Nick Fry says it's looking very positive at the moment, with a huge amount of interest at the start - probably well in excess of 30 groups came to us.

Honda, among the worst performers last season despite having one of the biggest budgets, announced last month that they were pulling out of Formula One due to the global financial crisis which has hammered car manufacturers.