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Honda F1 chief hopeful of finding new buyer

By the Associated Press

BRACKLEY, England (AP) -- The chief executive of Honda's Formula One team says he is hopeful the team will find a new buyer and be on the starting grid in 2009.

Honda CEO Nick Fry says "one or two global players" have already expressed interest in buying the team following the Japanese car manufacturer's decision to pull out of F1 amid the global financial crisis.

Fry says he thinks a buyer can be found in time for the team to race at the season-opening Australian Grand Prix on March 29.

"It's going to be tough, but there is good reason for hope in the future," Fry said in a Sky Television interview on Friday.



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Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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