This sounds a bit familiar: A new group has launched a rescue bid for the Super Aguri team, who were only able to contest last weekend’s Spanish Grand Prix thanks to an 11th-hour rescue package from Honda.
Super Aguri will race in the Spanish Grand Prix but negotiations to save the team are still going on. The F1 field faced being cut to 20 cars had they been a no-show. If a team misses a race and therefore does not contest the entire season it can incur severe financial penalties. Therefore in … Continue reading Super Aguri: no deal, but will race
The Formula 1 grid could be down to just 20 cars for the Spanish Grand Prix as the Magma Group purchase of Super Aguri appears to have fallen through as was rumoured last week. Unless a source of funds is found in the eight days before next weekend’s race at the Circuit de Catalunya, Super … Continue reading Super Aguri doubt may cut F1 to 20 cars (update: Honda will not help team)
Everyone held their breath waiting to see if Super Aguri would make it to the first round of the season. And we all cheered when the Magma Group swept in like knights on horseback to rescue them. But Super Aguri may not be out of danger just yet. According to this report they will be … Continue reading Super Aguri not out of the woods yet
According to Autosport the new owners of Super Aguri are planning to give the team a new name and colour scheme in time for the Monaco Grand Prix. The team have secured backing from the Magma Group which is funded by the Dubai government. We’ve already got Force India on the grid -will Team Dubai … Continue reading New name and colours for Super Aguri