Posted on May 6th, 2008 by Oliver White
Honda said it was inevitable, many fans had hoped it wouldn’t come to this, but today, Aguri Suzuki withdrew his team from Formula One with immediate effect. This means only 20 cars will run at this weekend’s Turkish Grand Prix. The build up to this day has been difficult for Super Aguri, the team having suffered all year with funding problems. The issues arose initially when their primary sponsor SS United defaulted on payments last year, and these issues were compounded when Honda announced they would no longer be offering the kind of support they had previously for 2008. This left Aguri with mounting debts to the automotive giant and finding a new investor was proving problematic. Continue Reading
Posted on May 4th, 2008 by Oliver White
As we all know, Formula One team Super Aguri have been supported in the past by automotive giant Honda, and essentially the small outfit was considered the Japanese squad’s B-team. However, with a change to the customer-car rules due to be implemented prior to the 2010 season, Honda have decided that they can no longer support the team. I’m sure the reasons run much deeper than that and finances play a big part of the sudden turn-around, but alas the news has left Aguri in a bit of a state. Continue Reading
Posted on April 25th, 2008 by Oliver White
Super Aguri have announced that they will be participating in this weekends Spanish Grand Prix. For the past week or so the team has been in trouble after the Magma Group pulled out of a deal that would have seen major investment, a name change and cleared Honda debt for the little outfit. While no deal has yet been confirmed, and with Honda apparently refusing to offer any further help, Aguri were still preparing their cars this morning and both Takuma Sato and Anthony Davidson competed in the morning’s Free Practice session. Continue Reading
Posted on April 22nd, 2008 by Oliver White
Struggling Japanese team Super Aguri are apparently on their way to Circuit de Catalunya to take part in this weekend’s Spanish Grand Prix. The immediate future of the team has been put in serious doubt though as potential investors pulled out at the last minute. The Magma Group were looking to take over the small outfit after Honda, who have backed them for the last two years, said the wanted to scale down their operation this year. This has left Aguri with little funds and therefore very few spare parts. As soon as the deal with Magma went wrong, team owner Aguri Suzuki immediately went to Honda and asked for some more time and money, which appears, although not yet confirmed, to have happened.
For the first three races, both Anthony Davidson and Takuma Sato had been ordered to take it easy in the cars, the team being very much aware that they don’t have the money to spend on a re-build should one of them throw it into the scenery. However, while the conservative approach has meant four finishes from the six entered, the Aguri drivers weren’t exactly pushing the cars ahead of them.
Thus, is it worth having Super Aguri on the grid just to make up the numbers? Last year, particularly at races with extraordinary circumstances, Takuma Sato was able to mix it up with the larger teams ahead of him quite well, even passing (at the time) reigning world champion Fernando Alonso in Canada. But to have a team this year just running around at the back of the field, is it really worth it? Is it really what the sport needs?
Posted on April 16th, 2008 by Oliver White
Super Aguri owner Aguri Suzuki today announced the collapse of deal that would have seen his team change ownership to the Magma Group. It now turns out Magma’s investors - Middle Eastern company Dubai International Capital - no longer wish to fund the acquisition, thought to be costing around $100m. This now puts the immediate future of Super Aguri in serious doubt and the squad may not be able to participate in the upcoming Spanish Grand Prix. Continue Reading
Posted on March 10th, 2008 by Oliver White
Super Aguri have announced that the Magma Group has reached an agreement to buy out the team, following months of speculation and rumours. The news is good for Super Aguri and Honda, the small Japanese team now being relatively safe and Honda freed up to concentrate more on their own cars and organisation. Magma have also agreed with Honda a supply of engines and some technical support, and the outfit will retain both Takuma Sato and Anthony Davidson for the 2008 season. Continue Reading
Posted on January 29th, 2008 by Oliver White
During Honda’s launch of their 2008 car, chief executive Nick Fry spoke about the continued support of Super Aguri and how the squad are looking for an investor to help fund the future of the team. While Super Aguri’s position was known previously, it was presumed that both current drivers would be safe at the squad. However, the search for money could come from another driver bringing sponsorship with him. One name that has been spoken a fair amount is India’s Narain Karthikeyan. However, Honda are pressuring Super Aguri to retain Anthony Davidson, explaining that the Briton gives excellent feedback, helpful in the developing of the chassis. Continue Reading
Posted on January 4th, 2008 by Oliver White
Japanese team and little brother to the mighty Honda, Super Aguri, have announced that they intend to retain both drivers from 2007, namely Takuma Sato and Anthony Davidson. The retaining of Sato is pretty much a given as the team was essentially built around the little guy as a way of keeping a Japanese driver in Formula One. And Anthony Davidson showed some strong flourishes last year, although not quite matching the point-scoring success of his team mate. Continue Reading