[home][rumors and news][model release matrix][dealer network][desktop calendar][exhaust notes][tov forums][links][search][sponsors][garage][login]

Tire Rack Upgrade Garage
 Search for a Dealer:
 Canadian Flag US Flag
 Honda Acura
 ZIP  
Acura
There are currently no active Acura promotions
Honda
There are currently no active Honda promotions
2019 Acura MDX Arrives with Luxury and Performance Upgrades Plus First A-Spec Variant
More.......................
SPIED IN EUROPE! Civic Type R refresh
More.......................
American Honda Sets New June Sales Records on Strength of Light Trucks
More.......................
Honda reveals refreshed 2019 HR-V and Pilot
More.......................
Acura TLX GT wins class and places 3rd overall at 2018 Pikes Peak International Hill Climb
More.......................
Spied on the Street! 2019 Pilot and Pilot PHEV mule
More.......................
All-New 2019 Honda Insight Brings Style, Sophistication and 55 mpg City Rating
More.......................
It's Official: Honda to supply Red Bull Racing in Formula One from 2019
More.......................
Professional Motorsports --> Re: F1 - 2018 German Grand Prix - Race Spoilers
Join Discussion......
Today's Reading Links --> Re: Car and Driver 2019 Genesis G70 First Drive.
Join Discussion......
ILX --> Re: 2019 ILX
Join Discussion......
General Talk --> Re: I just realized
Join Discussion......
Strictly Technical --> Re: 03 Multiplex in Vigor
Join Discussion......
General Talk --> Re: Acura Flagship
Join Discussion......
Fuel Cell Technology --> Re: Can't drive our Clarity...
Join Discussion......
RDX --> Re: 2019 RDX SH-AWD Acceleration numbers
Join Discussion......
RDX --> Re: 2019 RDX SH-AWD "highway" loop mileage run
Join Discussion......
Professional Motorsports --> Re: Indycar Rear-view Mirror: Dixon Deftly Extends Indycar Lead at Toronto
Join Discussion......
HR-V/Vezel --> Re: New HRV announcement but no activity here. What’s the deal?
Join Discussion......
General Talk --> Re: Trying to decide on color
Join Discussion......
General Talk --> Re: Toyota is going to run Kubernetes in every Camry sold
Join Discussion......
RDX --> Re: 3rd Generation Acura RDX Reviews
Join Discussion......
Civic --> Re: 2017 Civic Si 360whp One Take
Join Discussion......
Honda acquires all shares in BARH Ltd.
 Date: October 04, 2005 07:31
 Submitted by:  JeffX
 Source: Honda World PR
 Credibility Rating: Not Specified


TOKYO, Japan, October 4, 2005– 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 December 2001, the agreement was extended for 3 years, with provisions for the strengthening of the joint chassis development program. Further strengthening of the structure for development came with another extension of the contract (through the end of the 2007 season) in July 2004, and Honda’s purchase in January 2005 of 45% of the shares of BARH Ltd.

Comment from Hiroshi Oshima, Operating Officer, Corporate Communications and Motor Sports, Honda Motor Co., Ltd.:
"After discussing Honda's future F1 participation, we have decided that Honda should own 100% of the team. We greatly appreciate the partnership of BAT, which has managed the team with us until now, and we wish BAT the best of luck in its future endeavors. From next season, we will be even more energetic in our F1 activities, working hard as a team in order to improve our technology, develop our young engineers and achieve our goal of winning the World Championship. We look forward to your continued support."

http://world.honda.com/news/2005/c051004.html
Click Here to Submit Your Comments

Viewing Threshold (What is this?)

[fancy] [flat] [simple]
Subject Thread Originator Replies Last Post
  Euro Civic 5D first video!
King77 4
  Question of Honda world championship
civic_cx_92 8
  Finally a Honda Chamionship on the way....
Shinobi 11
  Championship white cars from now on?
TonyEX 11
  Toyota's F1 was to be Ferrari Red
TonyEX 1
First Drive: 2019 Honda Insight
Read Article....................
2019 Honda Insight PR Photo Gallery
Read Article....................
First Drive: 2019 Acura RDX
Read Article....................
2019 Acura RDX Features & Specifications
Read Article....................
PR Photo Gallery - 2019 Acura RDX Advance
Read Article....................
PR Photo Gallery - 2019 Acura RDX A-Spec
Read Article....................
Contact TOV | Submit Your Article | Submit Your Link | Advertise | TOV Shop | Events | Our Sponsors | TOV Archives
Copyright © 2018 Velocitech Inc. All information contained herein remains the property of Velocitech Inc.
The Temple of VTEC is not affiliated with American Honda Motor Co., Inc. TOV Policies and Guidelines - Credits - Privacy Policy
30