Honda look east for a buyer

JENSON BUTTON has vowed to remain positive after shaking off the shock of Honda’s withdrawal from Formula One. The global credit crisis, resulting in a dramatic slump in car sales for the Japanese manufacturing giant, has forced Honda Motor Co Ltd to pull the plug on their €300m-per-year F1 operation.

It means after nine years competing at the pinnacle of motor sport, British driver Button stands on the brink of being without a drive for next season unless a buyer can be found.

However, there is hope on the horizon as Honda Racing chief executive Nick Fry has confirmed three overseas parties have expressed an interest in a potential buy-out, most likely from the Middle East.