French carmaker eyes Honda F1 team? - Mercedes-Benz Forum

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post #1 of 2 (permalink) Old 12-15-2008, 10:48 PM Thread Starter
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French carmaker eyes Honda F1 team?

French carmaker eyes Honda F1 team
Citroen / Peugeot linked to Brackley squad
15/12/08 09:04

PSA to take over the Honda F1 team?
The French manufacturer PSA, selling cars under the names Peugeot and Citroen, has reportedly expressed interest in buying Honda's beleaguered Formula One team.

Anonymous sources apparently told the Belgian motor racing magazine Autosportnieuws that the carmaker, last involved in F1 as an engine supplier with the now-defunct Prost team, has made enquiries to buy the Brackley based team as an active F1 competitor.

Citroen's world rally team is the reigning drivers' and constructors' champion, and Peugeot is involved in Le Mans racing.

It is suggested that, given F1's willingness to vastly reduce operating costs, PSA is interested in stepping because it has not been hit as hard by the world economic crisis than some of its peers abroad.

The French government is also pledging financial support to the car sector, in return for Renault and Peugeot-Citroen promising to limit job cuts and plant closures.

It is suggested that Sebastien Bourdais, the French F1 driver whose Toro Rosso seat is in doubt for 2009, would be part of a PSA buyout, with Jenson Button as his team-mate.

Source: GMM
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post #2 of 2 (permalink) Old 12-16-2008, 03:28 PM Thread Starter
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Peugeot dismiss Honda rumours as 'totally false'.

Peugeot dismiss Honda rumours as 'totally false'.

Tue 16 Dec, 04:28 PM

Peugeot has sought to dispel suggestions linking it to a take-over of Honda's defunct F1 operation - insisting it is fully committed to sportscars and Citroën to the World Rally Championship.

Peugeot has branded as 'totally false' speculation linking it to a potential buy-out of the assets of Honda's defunct Formula 1 team, insisting that it is suffering just as much as any other car manufacturer in the current economic climate.

It had been reported in Belgian motorsport magazine Autosportnieuws that PSA Peugeot-Citroën - whose last involvement in the top flight came as an engine-supplier to the ill-fated Prost Grand Prix concern in the late 1990s and into the turn of the Millennium - had added its name to the list of parties interested in the purchase of the Brackley-based outfit [see separate story - click here].

Other names in the frame are David Richards' Arab-backed, independent Prodrive operation - which today sensationally announced that it was withdrawing its Subaru World Rally Team challenge from the World Rally Championship with immediate effect - Carlin Motorsport, Dubai Investment Capital, Ultimate Motorsport and GP2 Series front-runner ART Grand Prix, the latter headed by Nicolas Todt, son of former Ferrari team principal Jean Todt and manager to both Felipe Massa and Sébastien Bourdais.

However, Peugeot Sport spokesman Jean-Claude Lefebvre has insisted that any such rumours are pure fabrication, the Frenchman adding that Peugeot remains fully committed to its Le Mans sportscar project and Citroën to defending its WRC laurels.

"It's totally false," Lefebvre told Italian newspaper La Gazzetta dello Sport, explaining that Peugeot cannot countenance investing the necessary funding into F1 at the same time as it finds itself forced to close down some of its manufacturing plants as a result of the global credit crunch.

"We are having big problems with sales, just like all the manufacturers. We have other things to think about other than considering going to Formula 1."
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