Vijay Mallaya looking at Honda F1 Team!!!!!
Written on December 23, 2008 – 12:31 am | by BikersUnite
Vijay Mallya might be one of the bidders for the Honda F1 Team which went on block last week when Honda announced it’s withdrawal from the Formula 1 championship.
Vijay Mallya is expected to be pitted against Carlos Slim, one the world’s richest men and majority stake holder of Mexican telecom giant “”. Other contenders include a Swiss hedge fund and Achilleas Kallakis, the greek shipping tycoon.
Vijay Mallya with Force India F1 car
Vijay Mallya’s Force India formula one motor racing team was formed last year after a consortium led by Mallya bought the Spyker F1 team for 88 million pounds.
Indicating that it might have to shut down the formula one racing outfit if no buyer was found, Honda CEO Takeo Fukui said, “We, Honda Motor Co Ltd, have come to the conclusion that we will withdraw from all Formula One activities, making 2008 the last season of participation.
“This difficult decision has been made in light of the quickly deteriorating operating environment facing the global auto industry, brought on by the sub-prime problem in the United States, the deepening credit crisis and the sudden contraction of the world economies.”
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Tags: honda, sale, vijay mallya