Help for Honda F1 Racing Team

It is now Honda that has to decide what will happen with the Honda F1 Racing Team. The last suggestion, is that the Japanese are in contact with the Department for Business, Enterprise and Regulatory Reform, for financial aid an to keep the team in business.

The government so far has announced that they will help the car industry in UK by providing a loan of $3.2 billion and they had to act in order to prevent an irreversible loss of skills and technology.

The department has confirmed that perhaps Honda team could apply for some of these funds. However the biggest problem is management and who will take over the team.