Honda Complete BAR Buy-in

Honda's previous attempt to buy into the BAR racing team had been thwarted by a member of the team previous holding company. As a result of this BAR had been put into administration. The F1 team will now be owned by a company called BARH Limited, of which 55 per cent is owned by BAT and 45 per cent by Honda. However it is expected that BAR will attempt to sell their remaining stake in the company as many European countries will ban tobacco advertising later this year.